Gain insights into personal property taxation, identifying income and deductions, and IRD's views on items like cryptocurrency, gold, shares, and more.
This webinar will identify what constitutes personal property and what does not, as well as when income can arise from disposing of personal property. It will provide an introduction to personal property rules for those new to the field and serve as a valuable refresher or update for those with tax experience.
The webinar will outline the IRD’s current views on certain types of personal property and the different income tax outcomes under varying circumstances.
You will gain insight into scenarios involving the intention to dispose of personal property, identifying whether someone is in the business of dealing in personal property, and recognizing a profit-making undertaking or scheme.
Additionally, the webinar will explain what revenue account property is and when an item is classified as such.
This session will include detailed examples of personal property such as cryptocurrency, gold bullion, shares, and more.
Suitable for: CAs, Lawyers, Advisors, and Investors – appropriate for all levels.
1 activity • 1 videos • duration: 1h 10m
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.
Enjoyed listening to the various scenarios.
