Capital Gains, CGT, Earnouts, pre-CGT, Purchases, Sales, Super, Superannuation, Tax Law, Taxation, Taxpayer Alert, TR 2007/D10, Whitehawk Advisors
Taxation of Earnouts – Legislation receives Royal Assent
The Tax and Superannuation Laws Amendment (2015 Measures No 6) Bill 2015 received Royal Assent on 29 February 2016, becoming Act No 10 of 2016. The Bill, amongst other measures, amends the ITAA 1997 to change the CGT treatment of the sale and purchase of businesses involving...