Description

Key Tax Issues for Closely Held / Family Companies

Closely held companies make up a significant number of the 400,000 companies in NZ.

Family companies are subject to both specific close company tax rules and general rules impacting family company transactions. The webinar will cover rules including:

• Motor vehicle FBT tax concessions.
• Excessive remuneration paid to shareholders and relatives.
• Look through company (LTC) key features incl. IRD statements.
• Tax Bill proposals: trust distributions to company beneficiaries - the 39% rate.

We will cover the general tax rules impacting family company transactions, including:

• Tax deferral v attribution v avoidance
• Loans and current accounts.
• Dividend rules incl. non-cash dividends and Inland Revenue statements.
• Companies owned by trusts.

Join us for a practical coverage of the tax rules as they apply to closely held companies.

ORIGINAL BROADCAST DATE

13 September 2023

LEARNING OUTCOMES

Learn the key tax effects associated with family companies.

SUITED TO

Accountants, lawyers and businesses involved with income tax and GST matters. The content is practical and presented at an introductory to intermediate level.

PRESENTER

Maurits van den Berg, Senior Manager, Taxation Services, Baker Tilly Staples Rodway.