The webinar will provide a detailed review of the general rules on disposal of fixed assets. It will identify
technical issues and provide practical explanations of the key tax considerations for the disposal of some
specific assets.

The issues/areas covered in the webinar will include the following:

Income Tax

• Depreciation recovery income
• Early termination of a finance lease
• Early termination of a hire purchase
• Transfers between associates
• Insurance claims
• Property agreement transfers

GST

• Time of supply
• Value of supply
• Repossession under a hire purchase
• Zero rate land sales
• Associated person transfers

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

• understand the rules and principles better
• identify relevant tax issues
• have a greater awareness of tax implications in each of the areas

Total CPD Hours: 1

Suited to:

This course will be suited to intermediate through to advanced accountants in public practice who are preparing
financial statements, GST returns and tax returns. It will also be suitable for accountants employed by SME businesses.

Presenter:

Mike Hadwin, Director, Symmetry Advisory

Mike is a regular presenter for TEO Training. You’ll learn from Mike’s 30-plus years of tax experience as a public CA
and facilitator. His clear presentation style enables you to quickly understand and apply practical learning concepts to
common situations you may face in your role.