Look-Through Companies (LTC) Update 2019

Description

This webinar considers a number of practical issues that arise with look-through companies, including the look-through company eligibility rules, the calculation of income on conversion of an ordinary company to a look-through company, and the tax treatment of remission of debt.

Other topics covered include the use of look-through companies for cross-border investment, 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 the criteria for a company to be a look-through company
  • Understand what tax implications arise when a company ceases to be a look-through company
  • Know how income is calculated on conversion of an ordinary company to a look-through company
  • Learn how the debt remission rules apply to look-through companies
  • Know when a look-through company can be used for cross border investment
  • Understand how the NZ/Australia double tax agreement facilitates the use of look-through companies in a Trans-Tasman context
  • Learn 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

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

  • Mar 07
    Thu, 10:30 AM NZDT - 12:00 PM NZDT Online
    • $210.00 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.