Learn how to manage debt remission and write-offs effectively, minimizing tax implications for creditors and debtors.
In times of financial difficulty, discussions about the inability to recover debts and the available options are becoming more frequent.
A debtor may be released from their obligations under a debt through the creditor electing to write off or remit the debt, or through the operation of law. This typically triggers debt remission income under the financial arrangement rules. Alternatively, a debt write-off may trigger a dividend, or there may be no tax consequences.
This course will consider the tax implications of writing off debt, including:
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Suitable for: Tax-aware intermediate-level accountants and senior accountants.
TEO Training provides practical learning experiences on primarily tax-related topics for accountants, lawyers and business advisors across New Zealand.
Senior Manager at Findex/Crowe
Nola is a Senior Manager for Findex in the Dunedin Tax Team. Nola has been with Findex for over 15 years, where she advises on a wide range of tax matters, including property transactions and property ownership structures, structuring opportunities for businesses including relationship property considerations, providing advice on the tax treatment of transactions for clients and other professional advisory firms and managing Inland Revenue Department queries, disputes and debt relief applications.
