Description
Gain practical insights into the tax consequences, common pitfalls, and key rules affecting individuals, trusts, partnerships, and companies when structuring deals with associated persons
When people engage in transactions with their family and associates, they often overlook tax considerations or consequences even though taxation can play an important part in the fiscal outcomes.
It is easy to think that because of the closeness of the relationship and the informal nature of the arrangements are acceptable, however, but when things go wrong in these situations the consequences are often greater and the fallout more personal.
This webinar will look at taxation consequences arising from related party transactions and arrangements involving associated persons including the rules that apply to individuals, partnerships, trusts and companies, and the things to look out for when assisting clients in putting together the “deal”. In particular, the webinar will look at practical situations relating to the following:
- Market value issues;
- Related party tainted capital gains;
- GST issues, including association;
- Employee relationships and transactions that extend beyond straight employee/employer deals;
- Implications of Gifts;
- Relationship property issues;
- Transactions between family groups involving tax-based property such as land;
- Restructuring of ownership considerations
LEARNING OUTCOMES
An understanding of the taxation rules that apply when dealing with interactions and transactions between close companies, partnerships, relationship property, employer/employee transactions, close family groups and trusts.
SUITED TO
Accountants with a client base that requires regular advice and guidance as to employee/employer transactions, relationship property settlements, close family relationship transactions including use of trusts, business succession, company incorporation, use of trusts, and transfer of assets.
Lawyers preparing agreements for sale and purchase of assets and business for close groups such as close companies, trusts, partnerships, close family groups and individuals.
PRESENTER
Daniel Gibbons, Partner – Tax Advisory, Findex/Crowe NZ, (presenting on behalf of TEO)
Daniel Gibbons is a Queenstown based Tax Advisor for Findex/Crowe. He advises on a wide range of tax matters, including property transactions and ongoing investment, international taxation matters and business/asset structuring.
Daniel specialises in advising clients on property transactions and the structuring of ownership, international taxation issues, including assisting on overseas investment office matters, and assisting with the restructuring of business and family groups.
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