Business Assets

Selling business assets — such as equipment, intellectual property, goodwill, or a business as a going concern — triggers capital gains tax. This section explains how to calculate the gain on business assets, depreciation recapture rules, the option to roll over gains in certain reorganizations, and timing strategies for minimizing tax.

  1. Selling a business - tax aspects

    Taxation of the sale of a business or part of it

  2. Reputation taxation

    Taxation of the sale of business goodwill

  3. Depreciation and sale of business assets

    Effect of depreciation on capital gain from the sale of an asset

  4. Closing a business - tax aspects

    Tax obligations when closing a business

  5. Converting an independent business to a company

    Tax aspects in turning an independent business into a limited company