IR has been concerned about taxpayers’ allocations of purchase price when they enter into business asset sale transactions.  Their main concern was that the values used by either the vendor or the purchaser don’t always reflect market values.  Recent changes require the allocation of the value in a sale and purchase agreement to be determined at the time and have reinstated of tax depreciation of non-residential buildings. This webinar will review the rules and 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 rules and principles better
• identify relevant tax issues
• have a greater awareness of tax implications in each of the areas

Suited to: 

• intermediate through to advanced accountants in public practice who are dealing with accounting for the sale and purchase of assets and businesses
• accountants employed by SME businesses.

PRESENTER

Mike Hadwin, Director, Symmetry Advisory Ltd

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.