Description

Answers to questions raised

The use of QCs has been superseded by LTCs but there are still a number of QCs that existed prior to the LTC regime and continue to exist today. The webinar will review the general rules and principles applying to QCs and then consider 5 specific questions that have been raised recently. Specifically, we will consider:

• Background
• Criteria to be a QC
• Taxation of QCs
• 5 specific questions related to:
• Effective interest in a QC
• Capital & revenue distributions and imputation
• Fully imputed dividends & dividend stripping
• Distribution of a capital profit from the sale of a property
• Interest deductibility on funds borrowed by a company to pay dividends

ORIGINAL BROADCAST DATE

23 June 2021

LEARNING OUTCOMES

Upon satisfactory completion of this activity you will be able to:

• understand the rules and principles better
• identify relevant tax issues
• have a greater awareness of tax implications in each of the areas covered

SUITED TO

This course will be suited to intermediate through to advanced accountants in public practice who are dealing with qualifying companies. It will also be suitable for accountants employed by qualifying companies.

PRESENTER

Mike Hadwin, Director - Symmetry Advisory Ltd, presenting on behalf of TEO