Income Tax and Land Transactions 2021

Description

This webinar provides a complete overview of when the sale of land is subject to income tax and will keep you up-to-date with recent tax reforms, case law and IRD policy.

Topics covered include the application of the bright-line test (including the application of the new 10-year bright-line period, and the new main home exclusion),  the taxation of dealers, developers, builders and associated persons, the taxation of subdivision and development schemes, and the application of the various exclusions.

In addition, this webinar will consider what changes to the taxation of land transactions are likely in the future.

LEARNING OUTCOMES

You will:

  • Know the circumstances in which the sale of land will be subject to income tax, including under the bright-line test, including under the new 10-year bright-line test
  • Understand when a client will be treated as a “dealer”, “developer” or “builder”, and what income tax implications arise from this
  • Know when subdivisions and other land developments will be subject to income tax, including the income tax treatment of retained land
  • Understand what income tax issues arise when land is transferred between associated persons
  • Learn about the various exclusions that apply, including the new main home exclusion to the bright-line test
  • Know what questions to ask clients to determine whether the sale of land is likely to be subject to income tax
  • Understand what changes to the taxation of land transactions are currently being considered and are likely to be enacted in the future

SUITED TO

Junior and intermediate accountants, property lawyers and others who advise clients on land transactions.

PRESENTER

Stephen Tomlinson, Principal, Tomlinson Law

1.5 CPD Hours

  • May 06
    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.