Q&A

Question: Does GST apply the supply of a going concern?

Supply of a going concern is GST-free if it meets the requirements outlined by the ATO in accordance with the GST Act. This includes the sale for a payment or consideration, the purchaser registered or required to be registered for GST, and it is agreed in writing between the seller and purchaser that the supply is of a going concern. Please see our article on sale of business for a going concern for more details on the GST considerations.