KPMG’s October Practical Tax Series seminar focuses on the land tax rules.

Our 2.5 hour seminar (including Q&A) will cover the “ins” and “outs” of the complex tax rules that can apply when buying, selling, developing, and subdividing land. There will be detailed case studies to illustrate how the rules apply in practice and the traps to avoid.

The areas we will cover include:

— When is the sale of land taxable?

— When are you in the business of “dealing in land”, “developing or (sub)dividing land” and “erecting buildings”?

— When are land-related activities likely to be “more than of a minor nature”?

— The exemptions from the land rules.

— The various “bright-line” tests which apply if land is disposed of within a certain period, including the 2 year rule for residential investment property.

— The new land information requirements and how to comply (including when you are non-resident)

— How the “associated persons” rules can apply to taint your activities.

— The key areas of IRD focus when reviewing land transactions.

We welcome your questions during the Q&A portion of the seminar.

Cost

Limited early bird tickets are $250 + GST [$287.50 inclusive]. Standard tickets are $290 + GST [$333.50 inclusive].

CPD

You will recieve 2.5 CPD hours.

Your KPMG presenters

— Rachel Piper, Partner - Tax

— Rochelle Campbell, Director - Tax

— Nisha Blanchard, Director - Tax

Queries

Please contact France Thompson at francesthompson@kpmg.co.nz or (09) 363 3686