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
Deductibility of Interest on Capital Transactions
This webinar covers key income tax considerations that advisors and their clients need to be aware of in categorising capital and revenue expenditure.
30 May 2023
Upon satisfactory completion of this webinar you will be able to:
This course will be suited to intermediate through to advanced accountants in public practice and is also suitable for corporate accountants.
Mike Hadwin, Director, Symmetry Advisory Ltd (presenting on behalf of TEO Training Ltd).
1.25 CPD Hours