Related Party Transactions 2019 - 28 November 2019 (On Demand)

Description

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:

  • Market rates between companies and shareholders;
  • Related party tainted capital gains;
  • Market rate issues for trusts and the definition of settlor;
  • Foreign trust issues around accumulation of income and distribution to beneficiaries;
  • GST issues and association;
  • Land and mixed-use asset rules as complicated by related party/association rules.

ORIGINAL BROADCAST DATE

28 November 2019

LEARNING OUTCOMES

An understanding of the taxation rules that apply when dealing with close family groups, closely held companies and trusts.

SUITED TO

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.

PRESENTER

Daniel Gibbons, Associate Partner – Tax Advisory, Findex NZ (TEO)

1 CPD Hour

  • On Demand Event
    Complete online in your own time (Self-paced)
    • $170.00 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 to a live webinar will automatically be sent a recording at the end of that week along with a full transcript of the webinar, regardless of whether you attended or not.

Sole practitioners

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