This is the first of three Rural Tax Update 2025 webinars. In each session, we focus on the practical tax implications of significant legislative changes, Inland Revenue statements, technical decisions, and case law that have occurred in the last few months as they pertain to the primary sector.

These webinars are perfect for practitioners wanting to stay abreast of the latest tax changes and the effect these will have on them and their clients.

Content covered:

• National standard costs for specified livestock determination 2025
• DET 24/04: Amortisation Rates for Listed Horticultural Plants
• Drought conditions across parts of New Zealand
• Purchase Price Allocation – Treatment of Fencing
• PUB00459: Income tax: Can I claim a deduction for expenses I incur on repairing a recently acquired capital asset?
  IS 25/03: Income tax – identifying the relevant item of property for depreciation purposes
  PUB00452: Income Tax and GST – forestry activities registered in the Emissions Trading Scheme
• PUB00485: Does GST apply to a deposit the seller retains in a cancelled land sale agreement?
  PUB00476: GST – taxable activity
  GST – Registered members of unregistered unincorporated bodies
• Other topics recently released for discussion by Inland Revenue

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

• appreciate the implications of recent changes on you and your clients
• advise clients about prospective tax changes
• keep up to date with key tax changes affecting the rural sector.

This course will be suited to:

• Chartered accountants in public practice and their tax aware staff
• Experienced advisors to the rural sector with an understanding, but not necessarily deep knowledge of the current rural tax issues
• Corporate accountants working in the rural sector

Duration: 1.00 CPD hours including Q&A

PRESENTER

Steve Hydes, Senior Manager — Tax Advisory, Findex
Steve is a Senior Manager for Findex in Dunedin. He has 18 years’ experience working with the agricultural sector, initially in business services before focusing as a tax specialist. This background allows Steve to present technical matter in an understandable way that can be practically applied.