Tainted Capital Gains Rules: Navigating Changes, Impacts, and Practical Solutions for Advisers
The tainted capital gain rules have been the bane of accounting practices for decades, particularly when undertaking restructures, staged succession or business sales, and property transactions. These rules have often resulted in what were expected to be tax-free capital gains becoming taxable to shareholders upon distribution.
The rules for determining when a tainted capital gain arises changed with effect from 30 March 2017. The new two-stage test represents a significant change to the circumstances in which a tainted capital gain can arise.
This webinar will cover how the current Tainted Capital Gain rules work and consider the impact on historical capital gains that were tainted under the older rules. Due to the popularity of the previous webinar on this topic, this is a refresh and rerun. However, we will also touch on new matters pertaining to the interface with dividend stripping rules, the IRD focus on dividend integrity matters, and the creation of ASC (Available Subscribed Capital) in a script-for-script transaction.
This topic is relevant for anyone advising companies on restructures, staged succession, business sales, and property transactions, and will focus on both the theory and practical issues/solutions.
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Suitable for:
TEO Training provides practical learning experiences on primarily tax-related topics for accountants, lawyers and business advisors across New Zealand.
Senior Partner, Findex
Scott Mason has over 30 years’ experience advising on tax matters, primarily for larger owner-managed businesses throughout NZ. He is a regular presenter for TEO Training and CCH, and Chair of the CAANZ Tax Advisory Group. Scott is a professional director across a range of industries including forestry. Scott is renowned for making complex issues understandable.
