The Sale of a Business as a Going Concern is GST-FREE if:

• everything for the business’ continued operation is supplied to the buyer
• the seller carries on the business until the day it is sold
• the buyer is registered or required to be registered for GST
• the sale is for payment
• before the sale, the buyer and seller agree in writing that the
• sale is of a going concern

For further details, please view the attached “Guide to Small Business – GST for small business prepared by the Australian Taxation Office”. Refer to page 11 and 12.