Look-Through Companies Update - 8 March 2018 (On Demand)

Description

This webinar considers a number of practical issues that arise with look-through companies, with a particular focus on recent tax reforms. Some of these reforms have not worked as intended, and the rules are currently being tweaked. These reforms include changes to the look-through company eligibility requirements, calculation of income on conversion of an ordinary company to a look-through company, the tax treatment of remission of debt, and the scope of the loss limitation rule.

Other topics covered will include the use of look-through companies for cross-border investment, who can hold shares in a look-through company, how payments made by a look-through company to a “working owner” are taxed, how to deal with distributions and overdrawn current accounts, and the tax consequences of transferring shares in a look-through company.

LEARNING OUTCOMES

You will:

  • Learn about recent changes (and further proposed changes) to the look-through company eligibility criteria, how this affects existing structures, and what tax implications arise where a company ceases to be a look-through company
  • Learn about the recent changes (and further proposed changes) to how income is calculated on conversion of an ordinary company to a look-through company
  • Understand how recent legislative changes to prevent debt remission income arising apply to look-through  companies
  • Learn about the recent changes to the loss limitation rule and restricted deductions
  • Know when a look-through company can be used for cross border investment and how the NZ/Australia double tax agreement facilitates the use of look-through companies in a Trans-Tasman context
  • Understand when an income tax liability arises on the disposal of interests in a look-through company
  • Know the rules concerning working owners, shareholder salaries and fringe benefits tax
  • Understand how to deal with distributions and overdrawn current accounts

DATE OF ORIGINAL PRESENTATION

8 March 2018

SUITED TO

Junior, intermediate and senior accountants, and lawyers who advise clients on structuring issues.

PRESENTER

Stephen Tomlinson, Partner, Tomlinson Law

 

1.5 CPD Hours

  • On Demand Event
    Complete online in your own time (Self-paced)
    • $200.00 excl. GST

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One-connection-one-fee

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Sole practitioners

A discount on webinars is available for sole practitioners. Please contact us at NZ‑learning@wolterskluwer.com to confirm eligibility.