Description

The complete guide

This webinar provides a complete overview of when the sale of land is subject to income tax and will keep you up-to-date with recent and proposed changes, case law and IRD policy.

Topics covered include the application of the bright-line test (including proposed changes to the bright-line test and the application of rollover relief), the taxation of dealers, developers, builders and associated persons, the taxation of subdivision and development schemes, and the application of the various exclusions.

ORIGINAL BROADCAST DATE

2 May 2024

LEARNING OUTCOMES

You will:

• Know when the sale of land will be subject to income tax
• Learn about proposed changes to the bright-line test, and when rollover relief from the bright-line test will apply
• Understand when a person will be treated as a “dealer”, “developer” or “builder”, and what income tax implications arise from this
• Know when subdivisions and other land developments will be subject to income tax, including the income tax treatment of retained land
• Understand what income tax issues arise when land is transferred between associated persons
• Learn about the various exclusions that apply, including the main home exclusion to the bright-line test

SUITED TO

Junior and intermediate accountants, property lawyers and others who advise clients on land transactions.

PRESENTER

Stephen Tomlinson, Principal, Tomlinson Law.