Income Tax and GST issues for Orchardists 2021

Description

This important training is a must for every accountant who advises orchardists.
The webinar will cover:

  • Income Tax and GST issues on acquisition and sale of an orchard including
    • Allocation of purchase price;
    • GST issues, especially where dwelling and curtilage included;
    • Structuring options for acquisitions considering increases in personal tax rates and ensuring an interest deduction where able;
    • Standard clauses to include in the sale and purchase contract; and
    • Tax issues arising from unharvested fruit at settlement.
  • Special tax amortization rules, including a helpful two-page shortcut reference sheet;
  • Income tax on harvested fruit at balance date.
  • Tax issues with employment of staff.
  • Amortization of plant variety rights and trademarks, focusing especially on G3 licenses for Kiwifruit;
  • GST issues on export of fruit, especially for Avocado growers

LEARNING OUTCOMES

Understand and apply the main income tax and GST laws to orchardists.

SUITED TO

Accountants and in-house accountants of orchardists.

PRESENTERS

Sybrand van Schalkwyk, Director, Baker Tilly Staples Rodway Tauranga Limited

Michelle Sinclair, Senior Tax Manager, Baker Tilly Staples Rodway Tauranga Limited

1.5 CPD Hours

  • Feb 24
    Wed, 10:30 AM NZDT - 12:00 PM NZDT Online
    • $215.00 excl. GST

Coming Soon

  • Tue 09 Feb 10:30 AM NZDT
    Year End Tax Planning 2021
  • Tue 09 Feb 2:30 PM NZDT
    Shareholder Remuneration 2021
  • Wed 10 Feb 10:30 AM NZDT
    Trust Series 2021 – Trust Fundamentals
  • Thu 11 Feb 10:30 AM NZDT
    Rural Business Structures 2021
  • Thu 11 Feb 2:30 PM NZDT
    Tax Residence Update 2021
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.