Buying or selling a business

Income tax Dates

JAN 15

AIM instalments are due if you have a March balance date.
JAN 15

Provisional tax payments are due if you have a March balance date and use the standard, estimation or ratio options.
JAN 28

AIM instalments are due if you file GST monthly and have a March balance date.

All Income tax dates

Buying or selling a business is significant for both the buyer and seller. Tax is treated differently depending on whether the sale involves assets or shares. Both asset and share sales can be a mix of taxable and non-taxable parts.

It’s important to set up your business sale or purchase the right way so that you:

get the right entitlements
pay the right amount of tax
get the right after-sale profits and allowable deductions.

The information here is a general overview of different tax obligations for common situations you should be aware of.

Getting these wrong can lead to an unexpected tax bill, so it’s best to talk early with a tax professional to make sure you get the details of your sale right from the start.

Pages in this section

Buying or selling business assets or shares A summary of common situations and tax obligations when buying or selling assets or shares.
Setting up an asset sale Business asset sales can be complicated, so make sure you set them up in the right way.
Tax on business asset sales Different tax obligations can come up when selling a business through the sale of its assets.
Tax on business share sales Different tax obligations that can come up when selling shares in a business.

Te hoko mai, hoko atu rānei i tētahi pakihi Buying or selling a business

Income tax Dates

Buying or selling a business