Inland Revenue has received increased government funding to audit land transactions which, coupled with the requirement to provide tax-related information when land is bought and sold, enables Inland Revenue to target land sales more effectively than ever before. Given the amounts involved, failing to understand or address the tax issues that arise when undertaking land transactions can have serious consequences. This webinar provides a complete overview of when the sale of land can be subject to income tax (including under the bright-line test) and will keep you up-to-date with recent tax reforms, case law and IRD policy.
Junior and intermediate accountants, property lawyers and others who advise clients on land transactions
Stephen Tomlinson, Principal, Tomlinson Law
1.5 CPD Hours