The tainted capital gain rules have been the bane of accounting practices for decades when undertaking restructures, staged succession/business sales and property transactions and have resulted in what were expected to be tax-free capital gains becoming taxable to shareholders upon distribution. The rules for determining when a tainted capital gain arises changed with effect from 30 March 2017. The new two-stage test represents a significant change to the circumstances in which a tainted capital gain can arise.

This webinar will cover how the current Tainted Capital Gain rules work and consider the impact on historical capital gains that were tainted under the older rules. Due to the popularity of the previous webinar on this topic, this is a refresh and rerun. However, we will also touch on new matters pertaining to the interface with dividend stripping rules, the IRD focus on dividend integrity matters, and the creation of ASC in a script-for-script transaction.

This topic is relevant for anyone advising companies on restructures, staged succession/business sales and property transactions, and will focus on both the theory, and practical issues/solutions.

Learning Outcomes

Understanding the new tainted capital gain rules and the interface with other relevant aspects of the Act

Suited to:

• anyone in public practice who acts for companies
• corporate employees in accounting/tax roles.

1.25 CPD hours (1 hour + 15 min. Q&A)

PRESENTER

Scott Mason, Managing Partner, Findex

Scott Mason has over years’ experience advising on tax matters, primarily for larger owner-managed businesses throughout NZ.  He is a regular presenter for TEO Training and CCH, and Chair of the CAANZ Tax Advisory Group.  He is a Senior Tax Partner for Findex\Crowe.  Scott is renowned for making complex issues understandable.