An overview of rules applying to the mixed use of assets
Identifying what is a mixed use asset, and what adjustments may be required for income tax and/or GST, can sometimes be difficult. Also, there assets that are used for a variety of purposes, but are not strictly “mixed use assets”.
The session will provide an overview of the income tax and GST rules and how they might apply with practical examples.
In particular the webinar will cover:
The webinar will cover a variety of practical examples, including, how the rules apply to the various assets, what constitutes the asset, and what limitations may apply.
The session will also touch on the different outcomes that arise, depending on ownership structure.
By attending this webinar, you will get a better understanding of the current issues that taxpayers will face when they use assets for both business and private purposes, but also sit vacant for a period of time.
CAs/Lawyers/Advisors – Appropriate for all levels
Daniel Gibbons, Associate Partner – Tax Advisory, Findex/Crowe presenting on behalf of TEO Training
1.25 CPD Hours