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  • Commercial deals

    Privately owned and wealthy groups can engage early with us and get a pre-lodgment compliance agreement for their commercial deals and restructure events.

    We define a commercial deal as any significant business transaction that may affect the structure of your business. Some examples of this may include:

    • demergers
    • divesting
    • financing and refinancing
    • initial public offerings
    • mergers and acquisitions
    • private equity
    • restructures
    • sale of business (partial or complete) or business assets
    • sale of commercial property
    • share buybacks
    • takeovers.

    You can get practical certainty for these significant events, while they are being planned or before lodgment, by using our Commercial Deals service. You can watch this video to learn more.

    Watch:

    Media: The Commercial Deals Early Engagement Program
    http://tv.ato.gov.au/ato-tv/media?v=bd1bdiunufnomiExternal Link (Duration: 3:09)

    Next steps:

    Ask to talk to us about your commercial deal by either:

    Gaining certainty on your commercial deal

    If you are considering or have recently completed a commercial deal we can work with you to get a clear understanding of your circumstances and address issues as soon as possible.

    If you contact us. we can:

    • help resolve tax technical issues relating to the deal
    • work towards agreement on the tax position you intend to take
    • help you meet your tax obligations and reduce the likelihood of a review.

    If we approach you about your involvement in a commercial deal or restructure event, pre-lodgment, you can choose to engage with us or defer engagement to a more suitable time prior to lodgment.

    Working transparently with us can achieve mutual resolution of tax issues prior to lodgment and help avoid tax disputes post-lodgment.

    If agreement is reached and lodgment received as agreed, we will not conduct a review or audit for the commercial deal transaction in question.

    This greatly increases certainty around how the tax law applies to your circumstances.

    Approach us pre-deal

    We can look over a proposed deal and discuss the tax implications of transactions. If time allows before the deal completes, we can provide practical certainty on the tax outcomes of the deal.

    Approach us pre-lodgment

    When you have completed a deal, we can reach agreement as to how and when the transaction will be reported for tax purposes. We may still contact you post-lodgment to confirm that you reported as agreed.

    Engage with us early

    The earlier you come to us to discuss your commercial deal the better. Then we can work with you to get the right tax position before you lodge your tax return. You can avoid potential post-lodgment tax disputes, as well as penalties and interest where amendments were required to correct your reporting.

    Request a pre-lodgment agreement and ask to talk to us about your commercial deal by either:

    See also:

    Last modified: 01 Apr 2021QC 57799