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Courses/Accounting & Tax/Real Estate Tax

Land Tax Rules for Property Professionals: Key Provisions

Tax Implications for Land Dealers, Developers, and Builders: Navigating Income Tax and Interest Deductibility.

Created byTEO Training
BeginnerUpdated Jan 19, 2025
Land Tax Rules for Property Professionals: Key Provisions

What You'll Learn

check_circleIdentify when the specific provisions of the Income Tax Act 2007 may apply to land disposed of by those in the property industry
check_circleUnderstand who might be carrying-on a land dealing, land development, land subdivision or building business
check_circleDetermine whether a person has a regular pattern of buying and selling land

About This Course

The Income Tax Act has specific provisions land dealers, developers, subdividers and builders, and their associates.

The effect of these provisions can mean that land is subject to income tax when it may not have been if disposed of by another person.

In some instances that also means that the interest deduction limitation should not apply to them.

This webinar will consider practical examples to help you understand: 

  • What these taxing provisions are
  • How they apply
  • When a person might have a “land related business” and whether this requires a certain number or frequency of property transactions
  • When a person might have a building business
  • What a “building improvement” is and how performing these improvements can affect the taxation of land
  • When a person can no longer rely on a residential or main home exclusion because they have a “regular pattern” of buying and selling land
  • What will be the impact of the interest deductibility limitation (and what might impact given proposed changes to the rules)

Suited to:

Accountants, lawyers and others providing professional services to the property industry.

Your Instructors

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

Daniel  Gibbons
Daniel Gibbons

Partner at Findex/Crowe

Daniel is a Partner for Findex in Queenstown. Daniel has been with Findex for 16 years, where he advises on a wide range of tax matters, including property transactions and property ownership structures, international taxation issues, the tax treatment of investments and providing structuring advice to clients, including assistance for family group restructures. Daniel is recognised as a leader in the taxation treatment of short stay accommodation, providing training to other practitioners.

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