Most businesses take out a variety of insurance policies but not all policies are created equal when it comes to the tax consequences of both premiums, excesses and payouts.
This course will cover various forms of insurance policies across multiple contexts to ascertain the relative tax consequences (eg life insurance policies for key employees whereby
the tax consequences may be dependent on the underlying detail of who is entitled to what).  We will consider deductibility, assessability, FBT, and other matters across life, keyman,
indemnity and property-based insurance products within a range of common scenarios.

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

• identify the general principles and objectives of various types of insurance policies
• understand the relative tax and GST consequences of both premiums and claims under those policies
• appreciate how different policy ownership structures can change the income tax and GST consequences.

Suited to:
Anyone in public practice who acts for businesses, plus corporate employees in accounting/tax roles.

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

PRESENTER

Scott Mason, Managing Partner, Findex

Scott Mason has 29 years’ experience advising on tax matters, primarily for larger owner-managed businesses throughout NZ, and is a serial Angel Investor.  He is a regular presenter for
TEO Training and CCH, and Deputy Chair of the CAANZ Tax Advisory Group.  He is a Managing Partner for FindexCrowe.  Scott is renowned for making complex issues understandable.