Description

Join our webinar to review the rules gain clarity on key income tax considerations for categorising capital and revenue expenditure. This session will demystify the general principles and review specific expenses where income tax rules apply

This webinar covers key income tax considerations that advisors and their clients need to be aware of in categorising capital and revenue expenditure.
Categorising capital and revenue expenditure is an area of difficulty and uncertainty. There is a total lack of guidance in this area from legislation. The principles come from a myriad of cases that, at times, seem conflicting. This webinar will focus on clarifying the general principles and a review of some specific expenses where the income tax rules apply the Capital/Revenue principles.

Specifically, the webinar will review the following:

• General principles of Capital/Revenue Distinction
• General rules for deductibility
• Tests for the capital/revenue distinction
• The 3 principles
• The 6 tests
• Some specific expenses
• Business Relocation
• Interest
• Investment Management
• Legal Fees
• Software

LEARNING OUTCOMES

Upon satisfactory completion of this webinar you will be able to:

• Have an increased understanding of the income tax issues for the capital/revenue distinction
• Better process deductibility for the capital/revenue distinction in the income tax returns
• Have more confidence in advising SME clients on categorising capital and revenue expenditure

SUITED TO

This course will be suited to intermediate through to advanced accountants in public practice and is also suitable for corporate accountants.

PRESENTER

Mike Hadwin, Director, Symmetry Advisory Ltd (presenting on behalf of TEO Training Ltd)

Mike is a regular presenter for TEO Training. You will learn from Mike’s 40 years of tax experience as a public CA and facilitator. His clear presentation style enables you to quickly understand and apply practical learning concepts to common situations you may face in your role.