This webinar will take an in depth look at the income tax consequences of debt remission. It will focus on intra-family and SME debt remission.
Upon satisfactory completion of this activity you will be able to:
- appreciate the detail and nuances of the Tax Act’s treatment of debt remission
- articulate Inland Revenue’s views on debt remission and “facilitation” payments
- describe potential mechanisms to plan debt remission to minimise tax.
Duration: 1.25 CPD hours
Suited to: Tax aware intermediate level accountants and more senior accountants.
Jim Gordon, Director, Jim Gordon Tax Ltd
Jim Gordon FCA started BAS accounting in 1974. He has been involved in a significant number of tax reforms since 1986, including being responsible for the recent debt remission legislation. Jim brings a wide range of both theoretical and practical experience to his presentations.
- 18 November 2021
10:00 am - 11:15 am