Description

In this course, we will deal with common transactions that occur amongst related party, such as groups, shareholders and closely held companies. Often the temptation with such relationships is to consider that because of the closeness of the relationship an informal arrangement between them is acceptable and no issues should arise. As we all know this is often not the case, especially when things go wrong between close groups.

This webinar will look at taxation consequences arising from related party transactions in Business Relationships as they apply to individuals, partnerships (including limited partnerships), trusts and companies, and the things to look out for when assisting clients in putting together arrangements/transactions including restructuring. In particular, the webinar will look at practical situations relating to, amongst other things, the following:

• Inter-company transactions including advances and transfer of assets;
• Market rate considerations between companies and shareholders;
• Employee share schemes;
• Related party tainted capital gains;
• Arrangements between Trusts and companies;
• Transactions involving transparent entities;
• GST association issues;
• Use of assets, such as Land complicated by related party/association rules.

ORIGINAL BROADCAST DATE

19 September 2023

LEARNING OUTCOMES

An understanding of the taxation rules that apply when dealing with close groups, partnerships, closely held companies and trusts.

SUITED TO

Accountants with a client base that requires regular advice and guidance as to close relationship transactions including Limited Partnerships, LTCs, business succession, company incorporation, use of trusts, and transfer of assets.

Lawyers preparing agreements for sale and purchase of assets and business and loan documentation for close groups such as close companies, trusts, Limited Partnerships, LTCs, partnerships and individuals.

PRESENTER

Daniel Gibbons, Partner – Tax Advisory, Findex/Crowe (presenting on behalf of TEO).