Understand the Emissions Trading Scheme (ETS), its mechanics, tax implications, and strategies for forestry, land transactions, and carbon credits.
In this 2-part webinar series, we will discuss the Emissions Trading Scheme, how it works and how it applies to forestry owners in New Zealand.
Webinar One:
We will work through the income tax and GST considerations associated with the purchase, receipt, sale and surrender of emissions units.We will also 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 and units to be surrendered at harvest.
Webinar Two:
We will look at the structure of land transactions in respect of which there are forestry considerations and the implications of forestry rights being granted or cancelled.
In addition, we will consider Forward Contracts and the timing of revenue recognition vs cashflows, lowest price clauses, and the risks/uncertainty around such.
We will consider practical examples to assist in understanding how the above rules apply and the things 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.
