Associated Person Transactions – The Tax Cost - 30 July 2020 (On Demand)

Description

Triggering deemed market value & tax liabilities

Income tax and GST legislation is riddled with special rules imposing market value requirements and tax liabilities on transactions between related parties. Make sure you don’t get caught out!

This webinar will look at the associated person rules including:

  • Dividend rules: what happens when a company makes a distribution to an associate of a shareholder? For example, a company makes a low interest loan to a trust of which a shareholder is a beneficiary?
  • Land tax rules: tax tainting of land happens when a purchaser is associated to a developer, dealer or builder. In other situations, market value is imposed when land is transferred between associates.
  • GST: supplies between associated parties are subject to market value, timing and second-hand goods input tax limitation rules.
  • Other impacts include, depreciable assets, employment and FBT, trading stock, approved issuer levy and transfer pricing, and winding-up companies with associated person gains.

In this webinar we will identify when, companies, partnerships, trusts and other persons are associated, and identify which transactions are subject to these special rules.

ORIGINAL BROADCAST DATE

30 July 2020

LEARNING OUTCOMES

A broad overview of how the income tax and GST legislation treat transactions between associated parties.

SUITED TO

Accountants, lawyers, directors, trustees, Real Estate agents. The webinar is at an intermediate level.

PRESENTER

Maurits van den Berg, Senior Manager, Taxation Services, Baker Tilly Staples Rodway Limited

1.25 CPD Hours

  • On Demand Event
    Complete online in your own time (Self-paced)
    • $195.00 excl. GST

Coming Soon

All Coming Soon >>

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.