Investment in fixed assets is a significant part of the capital outlay for many businesses. The income tax deduction for repairs & maintenance of these assets is an area that continues to cause many problems for business owners and accountants.
Over the last 7 years there have been a number of changes and clarifications to the treatment of work done for specific reasons or on specific types of assets.
The course will clarify the income tax treatment of:
- Expenditure on leaky homes
- Earthquake strengthening expenditure
- The treatment of expenditure on existing buildings
In each area we will review the law and its application as well as a working through practical examples to illustrate that issue.
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
Duration: 1 hour and 15 minutes
This course will be suited to intermediate through to advanced accountants in public practice who are dealing with SMEs. It will also be suitable for corporate accountants of SMEs.
Mike Hadwin, Director, Symmetry Advisory
Mike is a regular presenter for TEO Training. You’ll learn from Mike’s 30-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.
- 10 March 2021
10:00 am - 11:15 am