What to look out for
In this webinar, we will deal with family groups and closely held companies that enter into arrangements between themselves. Often the temptation with such relationships is to consider that because of the closeness of the relationship an informal arrangement between them is acceptable and no issues should arise. As we all know this is often not the case, especially when things go wrong between close groups. The consequences are often greater and the fallout wider.
This session will look at taxation consequences arising from related party transactions as they apply to individuals/families, trusts and companies, and the things to look out for when assisting clients in putting together arrangements/transactions. In particular, the webinar will look at practical situations relating to the following:
An understanding of the taxation rules that apply when dealing with close family groups, closely held companies and trusts.
Accountants with a client base that requires regular advice and guidance as to close family relationship transactions including business succession, company incorporation, use of trusts, and transfer of assets.
Lawyers preparing agreements for sale and purchase of assets and business for close family groups such as close companies, trusts and family members.
Daniel Gibbons, Associate Partner – Tax Advisory, Findex NZ (TEO)
1 CPD Hour