From: Aaron Dwyer
I have a friend who is holding off selling his IP on advice from his accountant that if he signs the contract now CGT is due this year even if settlement is after 1st July.
Is this correct?? I thought it was determined when you get hold of the money not when you simply sign the contract.
Thanks
--
Aaron Dwyer
~ To know and not to do, is really not to know at all.
I have a friend who is holding off selling his IP on advice from his accountant that if he signs the contract now CGT is due this year even if settlement is after 1st July.
Is this correct?? I thought it was determined when you get hold of the money not when you simply sign the contract.
Thanks
--
Aaron Dwyer
~ To know and not to do, is really not to know at all.
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