Intellectual property & taxation
As your intellectual property (IP) represents a collection of assets, there can be tax implications for your business if you intend to sell or licence your IP. Your IP assets can affect taxes such as:
- income tax
- Capital Gains Tax
- withholding taxes, both locally and internationally
- Goods and Services Tax
- stamp duty.
Before you consider selling or licensing your IP assets, consult an IP professional or the Tax Office for advice.
What to do...
- See IP Australia's Smart Start website for more information on IP and taxes.
- Visit the Tax Office website for information and advice.
- Read our Taxation topic more information on taxes and your taxation obligations.
- Consult an IP professional or legal practitioner for advice and assistance.
This content is supplied to Flying Solo via business.gov.au,
the Australian Government's principal website for business information and resources.
