This webinar will be an in-depth look at the real tax issues concerning lifestyle blocks covering both income tax and GST.

Among other things, we will look at:

• The business test – is the owner in the business of farming?
• GST
• Interest deductibility
• Taxation on sale

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

• appreciate the income tax and GST rules and risks concerning lifestyle blocks
• advise clients on the detail of the interest deduction rules
• articulate the income tax and GST issues on the sale of a lifestyle block

This course will be suited to:

Chartered accountants in public practice and their tax aware staff.

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.