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Courses/Accounting & Tax/Accounting

GST Advanced: Taxable Activities, Secondhand Goods, Land

Addressing Challenging GST Issues: Taxable Activity, Input Tax, and Land Transactions

Created byTEO Training
BeginnerUpdated Jan 19, 2025
GST Advanced: Taxable Activities, Secondhand Goods, Land

What You'll Learn

check_circleBetter understand what is required for a person to be carrying on a taxable activity and be GST registered
check_circleUnderstand how the new associated person secondhand goods rule works
check_circleBe aware of some of the mistakes others have made when applying the compulsory zero-rating of land rules

About This Course

This webinar will consider some specific troublesome GST issues that are either subject to current IRD scrutiny or recent legislative change. This webinar will focus on the following three issues:

  • Requirements for a taxable activityInland Revenue wrote to taxpayers regularly filing nil returns at the end of 2022 challenging them to affirm they had a taxable activity. What is required for a taxable activity and whether one exists has been the subject several recent Inland Revenue statements, and technical decisions. This webinar will examine what is required for a taxable activity to exist.
  • Claiming input tax when acquiring a secondhand good from an associated personClaiming input tax on the purchase of secondhand goods acquired from associated persons has been a problematic area for some time. However, a recent legislative amendment makes input claims more readily available. This webinar will examine how this new legislative provision operates.
  • Compulsory zero-rating of land transactionsLand transactions between registered persons have been subject to compulsory zero-rating for near 12 years, but it is an area that still proves troublesome. It is also an area where getting it wrong can be costly both for the taxpayer and, potentially, their advisor. This webinar will look at some of the recent mistakes that taxpayers have made with the zero-rating rules, as well as some recent minor legislative tweaks to these rules.

    • Suited to:

    This webinar would suit anybody at intermediate level or higher working in an accountancy practice providing services to GST registered activities.

    It is suitable for corporate accountants, those in public practice, and in general business.

    Your Instructors

    TEO Training
    TEO Training
    menu_book204 courses
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    TEO Training provides practical learning experiences on primarily tax-related topics for accountants, lawyers and business advisors across New Zealand.

    Stephen Richards
    Stephen Richards

    Partner – Tax Advisory, Findex/Crowe

    Stephen Richards is Partner in the Tax Advisory team at Findex. Findex is one of the largest providers of integrated financial advisory and accounting services to individuals, SMEs, and corporates in Australasia. Stephen has been practising in tax advisory for over 20 years and is a sought-after speaker on tax topics, including for CCH, CAANZ, and TEO Training courses and lecturing in taxation practice at the University of Otago. Stephen is renowned for making complex topics understandable.

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