This webinar will take an in depth look at the income tax consequences of debt remission. It will focus on intra-family and SME debt remission.

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

• appreciate the detail and nuances of the Tax Act’s treatment of debt remission
• articulate Inland Revenue’s views on debt remission and “facilitation” payments
• describe potential mechanisms to plan debt remission to minimise tax.

Duration: 1.25 CPD hours

Suited to: Tax aware intermediate level accountants and more senior accountants.

PRESENTER

Jim Gordon, Director, Jim Gordon Tax Ltd

Jim Gordon FCA started BAS accounting in 1974.  He has been involved in a significant number of tax reforms since 1986, including being responsible for the recent debt remission legislation.  Jim brings a wide range of both theoretical and practical experience to his presentations.