Description

Unlock the potential of look-through companies for investment properties, family-owned businesses, and cross-border ventures in our webinar. Dive into tax issues with real case studies and expert insights. Perfect for tax advisors and business owners

This webinar explores the use of look-through companies for holding residential properties and other investments, carrying on family-owned businesses, and for investment and business activities offshore.

Case studies will be used to highlight the tax issues arising with the use of look-through companies for different purposes. Specific issues that will be addressed include:

• the eligibility criteria for becoming (and continuing to be) a look-through company (including the application of the look-through counted test in unusual situations),
• the application of the bright-line test to look-through companies that own residential property (along with the application of the main home exclusion),
• the application of the de minimis threshold to the disposal of interests in look-through companies that own residential property,
• dealing with overdrawn shareholder current accounts, the provision of fringe benefits and related issues, and
• calculating the tax cost of converting an ordinary company to a look-through company.

ORIGINAL BROADCAST DATE

6 March 2025

LEARNING OUTCOMES

You will:

• Know when a look-through company should be used for a family-held business, as an active investment vehicle, and for cross-border investment.
• Learn about the criteria for a company to become, and remain, a look-through company.
• Understand how the look-through company rules interact with the bright-line rules.
• Be able to determine when an income tax liability arises on the disposal of interests in a look-through company.
• Learn about the rules concerning working owners, shareholder salaries and fringe benefits tax.
• Know how to deal with distributions and overdrawn current accounts.
• Be able to calculate income arising on conversion of an ordinary company to a look-through company.
• Understand what tax implications arise when a company ceases to be a look-through company.

SUITED TO

Junior, intermediate and senior accountants, and lawyers who advise clients on structuring issues.

PRESENTER

Harry Waddell, Senior Associate, Tomlinson Law. 

Harry Waddell is a senior associate at Tomlinson Law. Prior to joining Tomlinson Law, Harry worked as a senior tax manager in an international accounting firm. Harry has an LL.B. and a M.Com. (1st class honours) from the University of Canterbury, and is currently studying for a PhD part-time at the University of Canterbury. Harry has a particular interest in the taxation of look-through companies and has published both a thesis and a peer-reviewed journal article on this topic.