Interested in attending? Have a suggestion about running this course near you?
Register your interest now
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
