Categorising Capital and Revenue Expenditure - A Review of the Rules 2022 - 11 May 2022 (On Demand)

Description

Categorising capital and revenue expenditure is an area difficulty and uncertainty. There is a total lack of guidance in this area from legislation. The principles come from a myriad of cases that, at times, seem conflicting. This webinar will focus on clarifying the general principles and a review of interest deductibility when dealing with borrowing for a capital purpose. Specifically, the webinar will review the following:

General principles of Capital/Revenue Distinction

  • General rules for deductibility
  • Tests for the capital/revenue distinction
  • The 3 principles
  • The 6 tests

Deductibility of Interest on Capital Transactions

  • General Rules
  • Automatic deduction for companies
  • Interest on money borrowed to:
    • acquire a group company,
    • retain assets,
    • repay working capital,
    • repay amounts invested in a business

This webinar covers key income tax considerations that advisors and their clients need to be aware of in categorising capital and revenue expenditure.

ORIGINAL BROADCAST DATE

11 May 2022

LEARNING OUTCOMES

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

  • Have an increased understanding of the income tax issues in the areas covered
  • Better process deductibility in the areas covered in financial statements and tax returns
  • Have more confidence in advising SME clients on categorising capital and revenue expenditure

SUITED TO

This course will be suited to intermediate through to advanced accountants in public practice and is also suitable for corporate accountants.

PRESENTER

Mike Hadwin, Director, Symmetry Advisory Ltd (presenting on behalf of TEO Training Ltd).

 

1.25 CPD Hours

  • On Demand Event
    Complete online in your own time (Self-paced)
    • $195.00 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.