Succession Planning Across Borders: Tax Impacts on Wealth Transfer
For many families, succession planning for family investments is an important step in creating and maintaining intergenerational assets/wealth. However, where children have chosen to reside offshore, the consequences can be costly.
As our nearest neighbour, Australia is a common destination for younger generations. As Australia has a different tax system, taxing capital gains and trusts differently to New Zealand, the tax implications for the wider family group can reduce the wealth being transferred.
As such, it is critical to understand the impact of these rules prior to implementing a succession plan. This course will look to identify the main issues arising in these situations and outline the key areas to be considered in planning for succession.
Suited to:
Middle to senior accountants or anyone advising clients overseas
1 activity • 1 videos • duration: 1h 6m
TEO Training provides practical learning experiences on primarily tax-related topics for accountants, lawyers and business advisors across New Zealand.
Senior Partner, Findex/Crowe
Jarod is a senior partner in the Otago Tax Team for Findex/Crowe and has been a regular presenter for TEO, presenting on a wide range of topics in all areas of tax. Jarod’s background includes working in 'Big 4' firms in Australia and New Zealand in the tax domain, and working as a management accountant for large corporates. Jarod is recognized as an industry leader in the area of foreign investment and regularly assists other accountants/advisors with their clients. He provides commercial, practical advice in all areas of tax.
Professional development requirements vary by profession, country, and regulatory body. Before enrolling, review the course details and confirm that the content, learning format, and any listed credits meet your specific requirements. You are responsible for confirming eligibility with your regulator or professional association and keeping the records required for reporting.
