Description
The tax rules are awash with market value rules and tax liabilities triggered by everyday transactions between related parties. Make sure you don’t get caught out!
This webinar will look at the associated person rules including:
- Dividend rules: apply when a company transfers value to a shareholder or an associate of a shareholder – what does this look like in practice?
- Land tax rules: tax tainting of land happens when a purchaser is associated to a developer, dealer or builder. In other situations, market value is imposed when land is transferred between associates. What are some common examples?
- GST: supplies between associated parties are subject to market value, timing and second-hand goods input tax limitation rules (including new rules).
- Other impacts include, depreciable assets, employment and FBT, trading stock, approved issuer levy and transfer pricing, and winding-up companies with related party gains.
In this webinar we will identify when, companies, partnerships, trusts and other persons are associated, and identify which transactions are subject to these rules.
ORIGINAL BROADCAST DATE
9 May 2023
LEARNING OUTCOMES
A broad overview of how the income tax and GST legislation treat transactions between associated parties.
SUITED TO
Accountants, lawyers, directors, trustees, Real Estate agents. The webinar is at an intermediate level.
PRESENTER
Maurits van den Berg, Senior Manager, Taxation Services, Baker Tilly Staples Rodway Auckland.
