Insolvency & workouts: GST matters (with or without personal liability)
14 January 2009
As the world economy struggles to find its way through troubled times, many businesses find their financial condition deteriorating leading, unfortunately, to formal insolvency appointments for some. However that situation plays out, the GST treatment of asset sales and other workout solutions will be crucial in determining what funds can be generated to meets the demands of creditors. For our full Tax Brief - click here