Description

Forestry has been at the forefront of media reporting recently, often for the wrong reasons, but it remains a key part of both the New Zealand economy and our climate change response.

In this webinar we will be working through how the tax rules apply to expenditure incurred in planting and maintaining forestry, either as a standalone venture or part of a wider farming activity.

In particular we will be covering

• Deductibility of expenditure
• Income recognition and spreading
• “Carbon farming”
• Farm forestry
• Trading in emissions units
• Issues to consider when restructuring forestry ownership

The webinar assumes a reasonable level of familiarity with farm accounting and taxation issues and will be practically focused.

ORIGINAL BROADCAST DATE

3 May 2023

LEARNING OUTCOMES

Attendees will hear how to correctly deal with tax consequences arising from forestry activities, including carbon farming and emissions trading.

SUITED TO

Accountants and other professionals advising clients in the rural sector.

PRESENTER

Tony Marshall, Principal, CEG Limited.