Income tax legislation requires a sale and purchase agreement to allocate the sale/purchase value to different tax categories at the time of the sale. This webinar will review the rules and the impact they have on a number of different income tax situations. The reinstated of tax depreciation of non-residential buildings also needs to be considered.

Specifically, we will look at the following situations where the new rules will apply:

• Allocation of Assets Between Associated Persons
• Allocation between Land & Buildings
• Improvements to Land
• Residential Rental Properties
• Commercial Buildings
• Allocations in a New Build
• Allocations in Business Sales

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

• understand the when the new rules and principles apply
• identify relevant tax situations impacted by the rules
• have a greater awareness of tax implications in each of the areas

Suited to:

This webinar is suited to intermediate through to advanced accountants in public practice who are dealing with accounting for the sale and purchase of assets and businesses. It will also be suitable for accountants employed by SME businesses.

1.25 CPD hours

PRESENTER

Mike Hadwin, Director, Symmetry Advisory

Mike has been 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.