Tax Treatment of Associated Person Transactions 2018 - 4 December 2018 (On Demand)

Description

The income tax and GST legislation is riddled with special rules impacting transactions occurring between related parties. Make sure you don’t get caught out! 

At the heart of it, associated party transactions involve entities which are legally separate but not economically independent. In the absence of third-party commercial tension, the income tax and GST rules assume that associated person transactions involve value manipulation or tax avoidance. Examples include:

  • Dividend rules: distributions of property to shareholders and to persons associated with shareholders are subject to the dividend rules. For example, a company makes a low interest loan to a trust which is associated to a shareholder of the company. 
  • Land tax rules: land acquired by a person associated to a developer, dealer or builder is subject to tainting. 
  • GST: supplies between associated parties are subject to market value, timing and second hand goods input tax limitation rules. 
  • Other impacts include, depreciable assets, employment and FBT, trading stock, approved issuer levy and transfer pricing. 
  • In this webinar we will identify when, companies, partnerships, trusts and other persons are associated, and identify which transactions are subject to these special rules.

LEARNING OUTCOMES

A broad overview of how the income tax and GST legislation treat transactions between associated parties.

ORIGINAL BROADCAST DATE

4 December 2018

SUITED TO

Accountants, lawyers, directors, trustees, Real Estate agents. The webinar is at an intermediate level.

PRESENTER

Maurits van den Berg, Senior Manager Taxation Services, Staples Rodway Limited

1.25 CPD Hours

  • On Demand Event
    Complete online in your own time (Self-paced)
    • $190.00 excl. GST

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One-connection-one-fee

Our webinars operate on a 'one-connection-one-fee' basis so you can have your whole team participate for one cost effective price and claim CPD points.

Recordings

All registrants that do not log into the live webinar are automatically sent a recording either later the same day or early the next business day.

If you did log in and wish to view again simply drop us a line at NZ‑learning@wolterskluwer.com and we’ll be happy to send it to you via email.

Sole practitioners

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