The LTC regime has been with us for over ten years but many are still unsure of the rules around entering and exiting the regime. In this webinar we will consider the income tax implications when shareholder ownership changes occur in an LTC.

The webinar will cover a number of income tax issues that arise when shareholder ownership in a LTC changes, on deemed disposals, on opting out of the regime or when the company is wound up.

Specifically, the webinar covers:

> Ceasing to be an LTC

> Disposal of shares

• De Minimis
• Safe harbour exclusions
• Allocation in the year of disposal

> Other types of disposal

• Deemed disposals
• Disposal under a relationship property agreement
• Transfer on death of a shareholder

> Three case studies involving property

The webinar will use examples and case studies to identify and clarify some of the difficulties that are associated with the income tax issues identified.

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

• understand more fully the income tax issues in dealing with LTC shareholding changes
• apply the law with more confidence
• better identify issues to be addressed when LTC shareholding changes

Suited to:

• intermediate through to advanced accountants in public practice
• corporate accountants
• anybody involved with LTC clients.

Total CPD Hours: 1.25 (1 hour 15 min)

PRESENTERS:

Mike Hadwin, Director, Symmetry Advisory
Mike is a regular presenter for TEO Training. You’ll learn from Mike’s 40 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.