Mixed Use of Assets 2020 - 26 November 2020 (On Demand)

Description

An overview of rules applying to the mixed use of assets

Identifying what is a mixed use asset, and what adjustments may be required for income tax and/or GST, can sometimes be difficult. Also, there assets that are used for a variety of purposes, but are not strictly “mixed use assets”.

The session will provide an overview of the income tax and GST rules and how they might apply with practical examples and will look at the implications in terms of the events since the COVID lockdown in March 2020.

In particular the webinar will cover:

  • Income tax and GST treatment of assets that are “mixed use assets”:
    • Property/land
    • Boats
    • Planes
  • Income tax and GST treatment of assets that are used for a variety of purposes (including some business and some private):
    • Property/land
    • Boats
    • Planes
    • Cars
  • The webinar will cover a variety of practical examples, including, how the rules apply to the various assets, what constitutes the asset, and what limitations may apply.
  • The webinar will also touch on the different outcomes that arise, depending on ownership structure.

ORIGINAL BROADCAST DATE

26 November 2020

LEARNING OUTCOMES

By attending this course, you will get a better understanding of the current issues that taxpayers will face when they use assets for both business and private purposes, but also sit vacant for a period of time.

SUITED TO

CAs/Lawyers/Advisors – Appropriate for all levels

PRESENTER

Daniel Gibbons, Partner – Tax Advisory, Findex/Crowe, (presenting on behalf of TEO)

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

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.