From www.pitcher.com.au: Balancing buyers’ and sellers’ priorities in Mergers and Acquisitions involves tax considerations, with buyers often preferring asset acquisitions to mitigate inherited liabilities, despite potential administrative burdens.

Effective due diligence is essential to uncover hidden tax issues and should encompass various tax liabilities, including income tax, GST, and employment taxes.

The acquisition structure affects tax implications significantly, especially in relation to capital gains tax, consolidation benefits, and GST treatment, necessitating careful planning and strategic advice.