Selling taxi licences and plates
You can download a printable version of Selling taxi licence sand plates [81kB] in Portable Document Format (PDF).
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The sale of a business, including taxi plates and licences, is GST-free if the sale is of a going concern.
The sale of a going concern is where:
GST is not payable on the sale if the following requirements are met:
Sale of taxi business
You are an owner/driver and decide to sell your taxi business, which is made up of a taxi licence, motor vehicle and meter. The sale includes all things necessary to continue operating the business, including the licence, the motor vehicle and the meter. You continue to operate the business until the buyer takes over. This is a sale of a going concern.
If the licence, the motor vehicle or meter is sold on its own, it is not a sale of a going concern as all things necessary to continue operating the business have not been supplied.
Sale of taxi licence/plate
You own a taxi licence which is leased out. You sell the taxi licence to a third party with the original lessee intact. The activity of leasing a taxi plate is an enterprise. As the sale will include all things necessary for an enterprise to continue to operate, it will be a sale of a going concern.
The sale of a taxi licence to the lessee of the licence, or the sale of the taxi licence to a third party without a lease intact, would not be a sale of a going concern.
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