18 Taxation of Lump Sum Settlement Receipts (Webinar Recording)
Prices NZD and ex GST - 27 September 2018 Webinar recording
| Quantity |
Product Description
Using a case study approach this course will consider how lump sum settlement receipts are treated for an income tax and GST purposes. It will examine how to determine whether a settlement receipt is income or capital. It will also consider Inland Revenue's position on apportioning lump sums that have both a capital and revenue component as set out in Interpretation Statement IS 16/04. Finally, it will examine the circumstances in which GST is required to be accounted for on lump sum settlement receipts.
Upon completing this course you will be:
- Identify the principles to be applied in assessing whether a lump sum settlement receipt is income or capital
- Identify when IRD require apportionment of lump sum receipts between capital and revenue
- Assess whether a GST liability arises due to receipt of a lump sum settlement
Suited to...
This webinar is suited to accountants and lawyers at the intermediate to senior levels.
CPD Hours
1.25
PRESENTED BY...
Stephen Richards, National Technical Director - Tax Advisory, Crowe Horwath
Stephen Richards is the National Technical Director of Tax Advisory for Crowe Horwath, the largest accounting firm in New Zealand specialising in the SME/HNWI space. Stephen has been practising in tax advisory for 20 years and is a sought-after speaker on tax topics, including for CCH and TEO Training courses. Stephen is renowned for making complex topics understandable.