In one of the most dramatic changes to property depreciation legislation in more than 15 years, Parliament has passed the Treasury Laws Amendment (Housing Tax Integrity) Bill 2017 as at Wednesday 15th November 2017 and the Bill is now legislation.
In any business transaction we need to be careful and take precautions before making a commitment. When buying a house we get a property inspection, when buying a car we arrange for the vehicle to be inspected before purchase. So naturally it is wise for us to have an expert check-out the business before buying.
There are many versions and definitions of profit. A Business Broker will provide potential buyers with financial records, who need to be aware of the subtle differences in terminology used to describe profit, so that they can understand the impact and implications of these differences.