Income Tax and GST issues for Orchardists 2021 - 24 February 2021 (On Demand)

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

ORIGINAL BROADCAST DATE

24 February 2021

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

  • On Demand Event
    Complete online in your own time (Self-paced)
    • $215.00 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.