The course will consider the income tax and GST issues of the ownership and use of a motor vehicle by a close company and its shareholder employees. It will cover the rules, important issues and practical implications.

Specifically, the webinar will consider the following:

• Different ways to finance a vehicle
• The fringe benefit tax rules for a passenger vehicle
• A worked case study, comparing financing under a finance lease or an operating lease or a hire purchase and ownership by the shareholder employee or the company.

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

This course will be suited to: 

• employers
• corporate accountants
• any chartered accountant wanting a review of the FBT rules for motor vehicles used in their business and/or client businesses.

1.5 CPD hours

PRESENTER

Mike Hadwin, Director, Symmetry Advisory Ltd

Mike Has been a regular presenter for TEO Training for 18 years. You’ll learn from Mike’s 35-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.