Tax implications can vary but typically include:

  1. Capital Gains Tax: Sellers may be liable for capital gains tax on the profit from the sale.
  2. Goods and Services Tax (GST): GST may apply to the sale, and it’s important to clarify whether the transaction includes GST.
  3. Stamp Duty: Buyers may need to pay stamp duty on the transfer of certain assets, such as property.
  4. Employee Tax Obligations: Addressing tax obligations related to the transfer or termination of employees.