A somewhat basic level high level presentation on the nuts and bolts of asset purchase sale transactions. The standard Agreement for Sale and Purchase of Business states that the purchase price is plus GST (if any).Many businesses will be sold as a 'going concern'. The election provides for no GST (or HST in the HST provinces) to be payable in respect of the purchase and sale of the assets and reduces the cash. Asset Purchase Agreement regarding the Bulk Acoustic Wave Filter Business of INFINEON TECHNOLOGIES AG dated as of June 25, 2008. Due diligence is a process of conducting investigations, searches and inquiries in connection with a wide range of transactions. A taxable asset purchase allows the buyer to "step up," or increase, the tax basis of the acquired assets to reflect the purchase price.