Taxation of Subdivisions 2025
1.5 CPD Hours
Description
Explore when subdivision and development trigger income tax—with practical flowcharts, case studies, and Inland Revenue guidance demystified
This highly practical webinar examines when subdivision and development schemes are subject to income tax, and includes a detailed examination of Inland Revenue’s guidance on what constitutes “minor work”, “significant expenditure”, and the income tax treatment of retained land. Flowcharts and case studies will illustrate the application of these issues.
LEARNING OUTCOMES
You will:
- Know what constitutes a development or division scheme.
- Understand when a development or division scheme commences and how abandoned schemes are taxed.
- Learn about Inland Revenue’s interpretation statement on what constitutes “minor work” in the context of development and division schemes.
- Know how to determine if expenditure is “significant” in the context of development and division schemes.
- Understand Inland Revenue’s position in relation to the taxation of land retained after completion of a subdivision scheme.
- Learn when the various income tax exemptions to development and division schemes apply.
SUITED TO
Accountants of all levels, tax lawyers, property lawyers and others who advise clients on subdivisions and developments.
PRESENTER
Stephen Tomlinson, Partner, Tomlinson Law
STEPHEN TOMLINSON is a partner of Tomlinson Law. Stephen has lectured in taxation, finance and business law at the University of Canterbury and is a well-known presenter of taxation and trust seminars and webinars. Stephen advises property investors, property developers, accounting firms and law firms on a wide range of tax issues. He is a member of the NZLS Taxation Committee and The Law Association Trust Law Committee.