Package includes:

Online CPD Module  l  Electronic booklet  l  PowerPoint Presentation

Package Fee (incl GST)

• $185 - NZLS members and Associate members
• $235 - Non-members

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

Online CPD Module

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 cryptoassets – 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.