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 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

Total CPD Hours: 1.25 (1 hour + 15 min. Q&A)

Suited to:
Anyone in public practice who acts for companies, plus corporate employees in accounting/tax roles.

PRESENTER

Scott Mason, Managing Partner, Findex

Scott Mason has 29 years’ experience advising on tax matters, primarily for larger owner-managed
businesses throughout NZ, and is a serial Angel Investor.  He is a regular presenter for TEO Training
and CCH, and Deputy Chair of the CAANZ Tax Advisory Group.  He is a Managing Partner for
FindexCrowe.  Scott is renowned for making complex issues understandable.