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Courses/Accounting & Tax/Real Estate Tax

Taxation of Land Transactions: Key Rules and Implications

Navigating Land Tax Provisions for Property Professionals.

Created byTEO Training
BeginnerUpdated Jan 20, 2025
Taxation of Land Transactions: Key Rules and Implications

What You'll Learn

check_circleIdentify when the specific provisions of the Income Tax Act 2007 apply to land transactions in the property industry.
check_circleUnderstand the criteria for determining land dealing, development, subdivision, or building businesses.
check_circleAssess the tax implications for individuals with a regular pattern of buying and selling land.
check_circleEvaluate the impact of interest deductibility limitations and proposed rule changes on land transactions.

About This Course

Understanding how the land rules apply to land dealers, developers, subdividers, builders, and their associates has always been important. This is set to become increasingly so with the proposal to reduce the bright-line rules back to a 2-year test.

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. There can also be significant impacts for associates. 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.
  • Impact for associates.
  • 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 change 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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