Explore the complexities of repairs and maintenance deductions, including court decisions, tax rules, and recent updates for residential and non-residential assets.
Repairs & Maintenance Part 1 – Review of the Income Tax Rules
Investment in fixed assets is a significant part of the capital outlay for many businesses. The income tax deduction for repairs and maintenance of these assets is an area that continues to pose challenges for business owners and accountants.
There is no specific provision addressing the deduction for repairs and maintenance. Instead, the current income tax rules fall under the general deductibility rules.
The lack of specific legislation in this area creates uncertainty when distinguishing between capital and deductible expenditure.
This course will review the income tax treatment of repairs and maintenance, including:
Each topic will include a review of the law, its application, and practical examples to illustrate the issues involved.
Repairs & Maintenance Part 2 – Tax Issues
Over the last eight years, there have been numerous changes and clarifications regarding the treatment of work done for specific purposes or on particular types of assets.
This course will clarify the income tax treatment of:
Each topic will include a review of the law, its application, and practical examples to illustrate the issues involved.
Suitable for: This course is designed for intermediate to advanced accountants in public practice working with SMEs. It is also suitable for corporate accountants managing SMEs.
TEO Training provides practical learning experiences on primarily tax-related topics for accountants, lawyers and business advisors across New Zealand.
Director, Symmetry Advisory
Mike is a regular presenter for TEO Training. You’ll learn from Mike’s 30-plus years of tax experience as a public Chartered Accountant (CA) and facilitator. His clear presentation style enables you to quickly understand and apply practical learning concepts to common situations you may face in your role.
