Changes in both partners or shareholders in a partnership or LTC, or their dissolution, are prima facie taxable events.

We will consider:

• What the specific tax rules are and what de minimus rules apply.
• What other tax rules could apply – in particular the purchase price allocation rules.
• Primary sector-specific rules

We will work through examples together.

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

• Confidently advise clients in regards to tax issues concerning changes in their clients’ ownership structures
• Describe the multiplicity of de minimus rules
• Consider what other parts of the Tax Act could be relevant to these ownership changes
• Appreciate the primary sector issues and specific rules

Suited to: Senior primary sector accountants and tax aware intermediate level accountants

1.25 CPD hours

PRESENTER

Jim Gordon, Director, Jim Gordon Tax Ltd

Jim Gordon FCA started preparing farm accounts in 1974.  He has been involved with almost all of the primary sector tax reforms since 1986.  Jim brings a wide range of both theoretical and practical experience to his presentations.