Businesses regularly incur expenses in exploring new and more dynamic way of doing things — successfully and not so successfully. But what’s deductible?

This course will cover the rules introduced in The Taxation (Annual Rates for 2020–21, Feasibility Expenditure, and Remedial Matters) Act 2021 that codifies when businesses can deduct expenditure relating
to completing, creating or acquiring property (business assets) that is later abandoned.

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

• Identify when expenditure qualifies as feasibility expenditure
• Understand the deductibility rules for such expenditure
• Understand the exceptions to the deductibility rules

Total CPD Hours: 1.25 (1 hour + 15 min. Q&A)

Suited to:
Junior to intermediate accountants, tax advisor and tax agents, including corporate tax staff.

PRESENTER

Craig Macalister, Partner – Tax Advisory, Findex

Craig is a Taxation Advisory Principal at Findex in Invercargill. He has unrivalled experience in this role. Craig joined Findex in 2012 as a Tax Principal heading up the South Tax team. In this role Craig
provides the firm and its clients with advice on all aspects of GST, income tax and fringe benefit tax. He joined Findex following his role as Tax Director with the New Zealand Institute of Chartered Accountants.
This role primarily involved leading the Institute’s direction and input on tax policy and overseeing the Institute’s Tax Advisory Group. Craig is a co-author of the Staples Tax Guide and GST in New Zealand.