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Tax for General Practitioners 2023 - On Demand

Published: 19-10-2023 CPD hours: 2.00
Price From
Non Member: $235.00
Law Society Member: $185.00
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Package includes:

On Demand Module  |  Electronic booklet  |  PowerPoint Presentation

Note: Access to the online files is via your "My CPD" page. If you would like to purchase multiple packages, please contact us here.

On Demand Module

Presentation time: 120 minutes
 

This year Inland Revenue collected just under $100 billion in tax revenue. Building on a well-received session at the Auckland General Practitioner CPD Day in February 2023, this module will consider some key recent tax-related developments and help ensure that you are able to provide informed advice to your clients.

This module will:

  • Provide the latest updates on property tax (including various bright-line test examples), interest limitation and short stay accommodation, residential land withholding tax, purchase price allocations, and taxation of trusts, including the 39% trust tax rate
  • Help you navigate the taxation minefield by delving into how to manage tax debts, 39% tax rate avoidance, and the taxation of influencers
  • Provide insights into making the most of your crypto losses
  • Deductibility of payments to settle disputes
  • Elections and tax – where do we go from here?
  • Cover the latest GST developments, including:
    • The new GST on platform rules, including what they mean for clients providing short stay accommodation and ride sharing
    • New rules for opting mainly private/exempt assets out of the GST net
    • Changes to the GST apportionment and adjustment rules
    • GST on litigation/out-of-court settlements and government grants, and refund reviews.

Learning objectives

By completing this module you will:

  • Gain a comprehensive update on current tax rule changes.
  • Receive insights and guidance on key tax-related developments to best advise your clients.

Electronic paper 

Authors: Catherine Francis, Riaan Geldenhuys
Published: 19 October 2023
Pages: 61

Introduction

In this paper we will touch on several topics selected with two criteria in mind:

  1. changes and / or developments over the last year or so; and
  2. potential relevance to general practitioners.

It is not meant to be a tax technical deep dive, but some detail may be necessary at times. It is also not meant to be a comprehensive update on recent tax developments – the allocated time does not allow for that.

The key issues that we identified are:

  1. changes to the bright-line test for land – yes, Parliament is still tinkering with the rules!
  2. denial of interest deductions on residential property;
  3. denial of interest deductions and short stay properties;
  4. purchase price allocation rules – you would have seen price allocation schedules introduced in the recent ADLS templates;
  5. residential land withholding tax;
  6. trust disclosure rules – this is related to proposed 39% tax rate avoidance measures;
  7. taxation of crypto assets – can you deduct your FTX losses?
  8. taxation of influencers – what is Mr Beast’s tax liability?
  9. deductibility of payments to settle disputes.

PowerPoint Presentation

These are the slides included in the presentation.

FRANCIS Catherine GELDENHUYS Riaan-83  
Catherine Francis
PwC
Auckland		 Riaan Geldenhuys
Barrister
Auckland		  

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