Learn how to navigate the tax implications of succession planning when family members reside in Australia and protect intergenerational wealth.
For many families, succession planning for family investments is an important step in creating and maintaining intergenerational assets and wealth. However, when children 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 than New Zealand, the tax implications for the wider family group can reduce the wealth being transferred.
It is critical to understand the impact of these rules before implementing a succession plan. This course will explore the tax issues arising in these situations from a New Zealand perspective and outline the key areas to be considered in planning for succession.
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Suitable for: Middle to senior accountants or anyone advising clients with relatives in Australia or looking to reside in Australia.
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.
