Tax Issues for Landlords and Tenants

Description

This highly practical webinar examines tax issues facing landlords and tenants in the light of Covid-19. Key issues addressed include the deductibility of expenses (including legal fees, interest and other borrowing costs, repairs and maintenance and low-value assets), depreciation changes and maximising depreciation claims, the tax treatment of “free fit-outs” and the tax treatment of lease inducements and lease surrender payments. Case studies will illustrate the application of these issues.

LEARNING OUTCOMES

You will:

  • Learn about the new Covid-19 tax breaks for landlords
  • Know when legal fees and other acquisition costs will be deductible
  • Understand when interest costs will be deductible
  • Know what amounts to “repairs and maintenance”
  • Learn about the new rules relating to the deductibility of low-value assets
  • Know when and how the new depreciation rules apply
  • Learn when expenses can still be deducted when a property is not rented
  • Understand the tax treatment of “free fit-outs”
  • Learn when a depreciation loss can be claimed for “fit-out”
  • Know how lease inducement and surrender payments are taxed

SUITED TO

Accountants, tax lawyers, property lawyers and others who advise clients on land transactions.

PRESENTER

Stephen Tomlinson, Principal, Tomlinson Law

1.5 CPD Hours

  • Jul 28
    Tue, 2:30 PM NZST - 4:00 PM NZST Online
    • $215.00 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.