The Australian Taxation Office (ATO) offers a service called the Commercial Deals Program (CDP), where they engage with private vendors who are undertaking a significant deal such as:

• Sale of Business;
• Sale of commercial property;
• Restructuring and refinance;
• Initial Public Offering;
• Share Buybacks; and
• Other significant deals with a value greater than $20 million.

Some of the key tax themes discussed include:

• Capital gains tax events;
• Calculating the proceeds and cost base;
• Earn out arrangements;
• Utilising discounts/exemptions/rollovers;
• Tax implication of restructures; and
• The role of trusts in a transaction.

The email to get in contact with the ATO regarding the Commercial Deals Program is: eerequest@ato.gov.au.

The link to the ATO website for more information on the Commercial Deals Program is HERE

Author: Anna Rosemarie

Entrepreneur