This course will consider the nuances of horticulture and viticulture. Specifically, we will consider:

• the specific income tax rules for horticulture and viticulture
• the disagreement between IRD and some practitioners on the treatment of R & M – this became particularly relevant after Cyclone Gabrielle et al
• tax issues on purchase and sale of orchards/vineyards.

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

• advise confidently on the tax rules that are specific to horticulture and viticulture
• articulate the analysis behind the disagreement on what and how R & M for orchards and vineyards is deductible
• appreciate the nuances of the purchase and sale of orchards/vineyards

This course will be suited to:

Farm accountants, their senior employees and their tax aware intermediate staff.

Total CPD Hours: 1.25 (one hour + 15 mins Q&A)

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.