Tax Implications of Trust Resettlements 2020 - 17 September 2020 (On Demand)

Description

This webinar examines the income tax and GST implications arising from trust resettlements.

Income tax issues include knowing when a “taxable event” arises for income tax purposes and identifying the income tax implications arising from the transfer of different types of assets. GST issues include determining when a resettlement can be zero-rated for GST purposes and whether is it possible to claim a second-hand goods credit. A case study will illustrate the practical application of these and other tax issues.

This highly practical webinar also includes helpful tips on how to structure resettlements to maximise tax effectiveness and avoid tax pitfalls.

ORIGINAL BROADCAST DATE

17 September 2020

LEARNING OUTCOMES

You will:

  • Learn whether a resettlement will always give rise to tax implications
  • Know how to structure resettlements to maximise tax effectiveness and avoid tax pitfalls
  • Understand the income tax implications arising from the resettlement of land, including the application of the 10-year sale rules and the bright-line test
  • Know the income tax implications arising from the resettlement of company shares, including shares in look-through companies
  • Learn about the income tax implications arising from the resettlement of other assets, including depreciable property, trading stock and financial arrangements
  • Understand other tax implications arising from resettlements, including the effect on tax losses and the extent of tax relief available for relationship property transfers
  • Know the GST implications arising from resettlements, including the application of the zero-rating rules and issues arising with second-hand goods credits

SUITED TO

Accountants of all levels, tax lawyers, trust lawyers and others who act as trustee of clients’ trusts.

PRESENTERS

Stephen Tomlinson, Principal, Tomlinson Law

Katherine Ewer, Principal, Katherine Ewer

1.25 CPD Hours

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

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Sole practitioners

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