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Mergers and acquisitions

GST and the Financial Acquisitions Threshold - what you need to know

IPO’s, capital raisings and mergers and acquisitions: have you considered GST & the Financial Acquisitions Threshold (the FAT)?  
 
There are specific GST rules for making financial supplies, including IPO’s, capital raising, mergers and acquisitions, and dealings in shares. While financial supplies are usually input-taxed and therefore do not attract a liability to remit GST, they generally have no GST recovery on expenses relating to these supplies.