An update of all things rural tax, including in particular the March 2024 Tax Bill which will be the first substantive tax bill of the new Government. It will be enacted towards the end of March 2024. Among other things the bill is likely to/will:

• Increase the trustee rate to 39% from 1 April 2024
• Turn off building depreciation from the 1 April tax year
• Reduce the ten-year capital gains tax on second houses to a two-year revenue account property tax from 1 July 24.

It will also include a host of other tax measures, some of which will be relevant to the primary sector.

Also relevant IRD publications will be covered.

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

• appreciate the way Government’s fiscal position is interacting with its election and coalition tax promises
• advise clients about the prospective tax changes
• explain in detail the actual tax changes.

This course will be suited to:

Chartered accountants in public practice and their tax aware staff, and tax aware corporate accountants.  It will not be a heavy duty technical course.

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.