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.

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:

• advise when the new rules and principles apply
• identify relevant tax situations impacted by the rules
• fully appreciate the tax implications when selling assets subject to income tax

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.

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

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.