This course will cover what weather related losses can be expensed (e.g. buildings and plant) and what cyclone based tax reliefs are or will be available for employers and in respect of windfall taxable income. It will be example driven.
The term severe weather refers to the three recent severe weather events in the North Island – the two cyclones and the Auckland anniversary heavy rain.

Note: This webinar is aimed at general business. If you need information from a rural perspective, please take a look at our 24 May webinar: 2023 Rural Tax Advanced 1 — Severe weather tax issues.

Upon satisfactory completion of this activity you will be:

• Aware of the multitude of tax issues that the severe weather caused
• Able to advise clients on tax effective solutions to address windfall tax profits caused by the insurance claims etc (e.g. depreciation recovered)
• Aware of the one-off employer tax reliefs.

Suited to:

• accountants in practice who are advising clients affected by the severe weather, and
• accountants in the corporate world whose businesses are impacted by the severe weather.

1.25 CPD hours (one hour plus 15 min Q&A)

PRESENTER

Jim Gordon, Director, Jim Gordon Tax Ltd

Jim Gordon FCA was an IRD policy adviser was heavily involved in the tax response to the Christchurch earthquakes.  Accordingly Jim brings a wide range of both theoretical and practical experience to this presentation.