Assessing Tax Consequences Of Asset Sales

Law360, New York (July 31, 2013, 2:56 PM EDT) -- Asset purchases present some interesting tax complications and opportunities. In general, the basic tax issue in an asset sale is that any gain on the assets sold is usually taxed at the corporate level of the seller. Thus, seller will have a gain if the assets are sold above their depreciated tax basis, and seller will have a tax loss if the assets are sold below the depreciated tax basis of the assets.

The gain at the corporate level may be partly or wholly shielded by...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.