Sale of Farmland 2024 - GST and Income Tax Consequences - 27 August 2024 (On Demand)
1.25 CPD Hours
Description
In this webinar we will focus on how the tax rules apply to the sale of farmland, including:
- The application of the brightline rules to the sale of farmland including lifestyle blocks.
- Subdivision and sale of farmland for farming and non-farming purposes.
- Apportionment of the sale price of farmland under the purchase price allocation rules.
- GST on the sale of farmland including the farmhouse.
Throughout the webinar we will use practical examples to illustrate how the rules apply, and the issues that you need to consider when advising your farming clients on the sale of land.
ORIGINAL BROADCAST DATE
27 August 2024
LEARNING OUTCOMES
Attendees will remain current on tax and business law issues affecting their clients operating in the rural sector.
SUITED TO
Accountants, lawyers, and other professionals advising clients in the rural sector.
PRESENTER
Tony Marshall, Principal, CEG Limited.
Tony is one of New Zealand’s leading rural tax advisors with over 20 years’ experience in advising rural businesses. He is deputy chair of the CAANZ Rural Sector Committee.
Tony works directly with primary sector businesses and has a close understanding of the day-to-day tax issues impacting rural New Zealand.
He has presented numerous seminars series and webinars on rural tax issues and is one of the authors of the 3rd Edition of the Farming, Forestry and Fishing Tax Guide.