When determining if a land sale is taxable, it is important to understand all of the land taxing provisions that can apply and the exemptions that may be available.

With the reduction in the bright-line period to two years, it is easy to forget to consider the broader land tax rules. It is too often forgotten that the bright-line rule only applies if the other land taxation provisions do not. That includes situations where the other land tax provisions could apply but there is an exemption available.

As the exemptions apply differently depending on the circumstances, it is important to understand the exemptions that apply to all the land tax provisions and their application, including bright-line.

This course will work through the exemptions using examples to demonstrate how the rules work. It will be pitched at a tax technical level to understand the rules but will be practical to assist in understanding how the rules can apply.

Upon satisfactory completion of this activity you will be able to:

• Understand what land tax rules can apply and which have exemptions
• Understand the land tax exemptions available, including:
  • Residential/main home
  • Business premises
  • Investment
  • Farming
• Understand when the exemptions apply

Suited to:

If you own property or advise clients in the area of land sales, you should attend this course.

Duration: 1 hour (55 mins + 5 mins Q&A)

PRESENTER

Daniel Gibbons, Partner, Findex/Crowe
Daniel is a Partner for Findex/Crowe in Queenstown. Daniel has been with Findex/Crowe for over 17 years, where he advises on a wide range of tax matters, including property transactions and property ownership structures, international taxation issues, the tax treatment of investments and providing structuring advice to clients, including assistance for family group restructures. Daniel is recognised as a leader in the taxation treatment of short stay accommodation, providing training to other practitioners.