Taxation of Subdivisions and Developments 2020

Description

This highly practical webinar examines when subdivisions are subject to income tax (including an examination of IRD’s new interpretation statement on what constitutes “minor work”) and the key tax issues arising for dealers, developers and builders (and associated persons). Extensive use of case studies will illustrate the application of these principles.

LEARNING OUTCOMES

You will:

  • Know what constitutes a development or division scheme.
  • Understand when a development or division scheme commences.
  • Know what constitutes “minor work” and “significant expenditure”.
  • Learn about the IRD’s new interpretation statement on what constitutes “minor work”.
  • Understand the IRD’s current position in relation to the taxation of land retained after completion of a subdivision scheme.
  • Know when a person will be treated as a “dealer”, “developer” or “builder”.
  • Understand when a land-related business starts and ends.
  • Learn when the various income tax exemptions apply.

SUITED TO

Accountants of all levels, tax lawyers, property lawyers and others who advise clients on subdivisions and developments.

PRESENTER

Stephen Tomlinson, Principal, Tomlinson Law

1.5 CPD Hours

  • Sep 03
    Thu, 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.