• Purchase or sale of a business during the income year

    Keep a record of the following:

    • the name and address of the other party to the transaction
    • the purchase or sale price, including details of the allocation of purchase or sale price to all items purchased or sold, including stock on hand and depreciating assets
    • a copy of the contract of purchase or sale.
    Last modified: 10 Aug 2016QC 48217