If I sell an IP with a contract date of say 1 July and incurr CGT, do I have to pay the ATO intrest for that year or only from the end of that financial year that I sold in?
ie: could I potentially have 364 days of interest free period on the CGT payable to the ATO? Or.... is it better to pay them the CG as soon as you get the funds from the sale?
ie: could I potentially have 364 days of interest free period on the CGT payable to the ATO? Or.... is it better to pay them the CG as soon as you get the funds from the sale?