Restructuring groups is a common practice as businesses evolve over time. The restructure may inadvertently result in the application of the dividend stripping rules. The impact of these rules can result in tax payers being double taxed on the same income. There have also been recent changes in relation to application of these rules, and the IRD have been actively reviewing dividends in privately-held companies.
Consequently, it is critical to consider potential implications of these rules prior to the sale/transfer of shares, whether to an associated person or a third party.

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

• Understand the dividend stripping rules
• Know what to look for to identify risks of dividend stripping
• Understand what the IRD are focusing on in this area

Suited to:

Accountants, lawyers and business advisors at the manager – senior level.

PRESENTER:

Jarod Chisholm, Senior Partner, Findex/Crowe

Jarod is a senior partner in the Otago Tax Team for Findex/Crowe and has been a regular presenter for TEO, presenting on a wide range of topics in all areas of tax. Jarod’s background includes working in “Big 4” firms in Australia and New Zealand in the tax domain, and working for large corporates as a management accountant.
Jarod is recognised as an industry leader in the area of foreign investment and regularly assists other accountants/advisors with their clients. He provides commercial, practical advice in all areas of tax.