Understanding Tax and GST Considerations in ETS Transactions.
In this webinar, we will recap the Emissions Trading Scheme, how it works, and how it applies to forestry owners in New Zealand.
We will work through the income tax and GST considerations associated with the purchase, receipt, sale, and surrender of emissions units.
Additionally, we will cover the sale/purchase of units with standing timber, and the application of the Purchase Price Allocation Rules and avoidance rules to such transactions where there is a mix of saleable units and units to be surrendered at harvest.
Practical examples will be considered to assist in understanding how the above rules apply and the key points to consider when advising clients on these issues.
Suited to:
Accountants and other professionals advising agricultural businesses at all levels, but targeted at those who will have some familiarity with the content and ETS basics.
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.
