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Master the "no major change" test for loss continuity, introduced in the 2021 tax year as part of the COVID-19 Tax Relief Package.
Despite the informal title of this webinar, the topic is the "no major change test," which applies to the continuity of losses from the 2021 tax year onwards following a breach of the standard 49% continuity rule. This concession was announced as part of the Covid Tax Relief Package in March 2020.
This webinar will work through the structure of the "no major change" tests and then apply the principles to a series of case studies to ensure a clear understanding of where the boundaries lie.
Suitable for: Accountants and other professionals advising businesses at all levels, as well as accountants within loss businesses.
TEO Training provides practical learning experiences on primarily tax-related topics for accountants, lawyers and business advisors across New Zealand.
Senior Partner, Findex
Scott Mason has over 30 years’ experience advising on tax matters, primarily for larger owner-managed businesses throughout NZ. He is a regular presenter for TEO Training and CCH, and Chair of the CAANZ Tax Advisory Group. Scott is a professional director across a range of industries including forestry. Scott is renowned for making complex issues understandable.
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.