Description
Master the tax treatment of repairs, depreciation, and lease payments, with practical insights for landlords and tenants brought to life through case studies
This highly practical webinar examines:
- tax issues that are important to landlords, including the deductibility of expenses such as repairs and maintenance, renovation costs, and depreciation; and
- tax issues that affect both landlords and tenants, including the tax treatment of “free fit-outs”, and the tax treatment of lease inducements and lease surrender payments.
Case studies will illustrate the application of these issues.
LEARNING OUTCOMES
You will:
- Know when legal fees and other acquisition costs will be deductible
- Learn about Inland Revenue’s latest guidance on what amounts to “repairs and maintenance”
- Be able to determine when bathroom and kitchen renovations will be deductible
- Learn about recent cases on the deductibility of “leaky home” expenditure
- Know when expenses to meet “healthy homes” standards will be deductible
- Understand how depreciation applies to commercial buildings and what is “embedded fit-out”
- Learn about the income tax treatment of “free fit-outs”
- Know how lease inducement and surrender payments are taxed
SUITED TO
Accountants, tax lawyers, property lawyers and others who advise clients on land transactions.
PRESENTER
Stephen Tomlinson, Partner, Tomlinson Law
Stephen Tomlinson is a partner of Tomlinson Law. Stephen has lectured in taxation, finance and business law at the University of Canterbury and is a well-known presenter of taxation and trust seminars and webinars. Stephen advises accounting firms and law firms on a wide range of tax issues. He is a past member of the NZLS taxation committee, and is actively involved in consultation on law reform and official guidance on the taxation of commercial and residential rental properties.
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