Description

Understand and review the new 2-year bright-line test, including recent changes to the interest limitation rules.

This highly practical webinar considers income tax issues relevant to property investors. Key issues addressed include the application of the new 2-year bright-line test (including when the new rollover relief provisions apply), recent changes to the interest limitation rules (including how they apply to existing property), tainting by association and tainted capital gains.

ORIGINAL BROADCAST DATE

5 September 2024

LEARNING OUTCOMES 

You will:

• Know when the new 2-year bright-line test applies, including how to calculate the bright-line period
• Understand when rollover relief from the bright-line test will apply, and how the new rules apply to transfers to and from trusts and companies
• Learn about the recent changes to the interest limitation rules, including how these changes apply to existing property
• Understand when property will be “tainted by association” and how to structure the ownership of property to minimise the effects of these rules
• Know how to identify “tainted capital gains” and what steps need to be taken so such gains can be distributed tax-free

SUITED TO

Accountants, tax lawyers, property lawyers and others who advise clients on land transactions.

PRESENTER

Stephen Tomlinson, Principal, Tomlinson Law 

Stephen Tomlinson is the principal of Tomlinson Law. Stephen has lectured in taxation, finance and business law at the University of Canterbury and is a well-known presenter of taxation and trust seminars and webinars. Stephen advises property investors, property developers, accounting firms and law firms on a wide range of tax issues. He is a member of the NZLS Taxation Committee and was involved in consultation on the recent bright-line tax reforms, including the scope of the new rollover relief provisions.