This webinar will look at the rules and tax consequences that advisors and their clients need to be aware of in respect of relationship property.

The webinar will address the following topics:

• The tax considerations when spouses, civil union partners, or de facto partners, separate
• The tax considerations when any 2 persons agree matters relating to property ownership in contemplation of entering into a marriage, civil union, or de facto relationship
• What is a “settlement of relationship property”?
• What is a Relationship Agreement (RPA)?
• Income tax implications of asset transfers under a RPA, including land, personal property and depreciable assets
• Implications for shareholder continuity and losses for companies
• Tax planning and avoidance considerations

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

• Identify the issues to consider when a spousal, civil union or de facto relationship begins or ends
• Advise clients on an RPA having regard to the tax implications
• Provide tax input to clients and other professional advisors involved in the preparation of RPA
• Accountants with a client base that requires regular advice and guidance regarding beginning or ending spousal, civil union or de facto relationships
• Lawyers regularly preparing and providing advice in relation to RPAs

Duration: 1.00 CPD hours (55 mins plus 5 mins Q&A)

PRESENTER

Nola Crafar, Senior Manager, Findex/Crowe
Nola is a Senior Manager for Findex in the Dunedin Tax Team. Nola has been with Findex for over 15 years, where she advises on a wide range of tax matters, including property transactions and property ownership structures, structuring opportunities for businesses including relationship property considerations, providing advice on the tax treatment of transactions for clients and other professional advisory firms and managing Inland Revenue Department queries, disputes and debt relief applications.