Related Party Transactions Webinar 2024
Recorded 29 August 2024. The key integrity rules and tax adjustments
Market value substitution rules
When and how the value shifting rules apply
The tax impact for common client scenarios
Recorded 29 August 2024
Practitioners who work with private groups often encounter transactions between related parties and need to determine how these arrangements will be dealt with under the tax system. Sometimes the tax outcome will not end up matching the economic substance of the arrangement because of the application of integrity rules and adjustments.
Practitioners need to be able to identify the provisions that might be applicable and the impact they can have on their clients. While some of these integrity rules contain exclusions and safe harbours which can help to reduce compliance costs for smaller groups and lower value transactions, other provisions can be triggered regardless of the amount involved or the size of the client.
The Related Party Transactions Webinar will help you identify risk areas that need to be considered in the context of related party transactions and understand the practical tax impact on your clients.
Total 1.25 CPD Hours
The Related Party Transactions Webinar identifies some of the key areas of the tax system that practitioners will need to work through when clients are involved in related party transactions.
- When and how the CGT market value substitution rules apply
- Mismatches that can occur when depreciating assets are transferred between related parties
- Trading stock adjustment rules and when tax relief is available
- The three components of the general value shifting regime and when they can apply
- Specific exclusions from the value shifting rules and applying the safe harbours
- Understanding the scope and application of Division 7A
- ATO guidelines for service entity arrangements and how to achieve a low-risk position
Rae Ni Corraidh
Tax Adviser, Knowledge Shop
Rae is an experienced tax advisor and trainer focused on helping practitioners apply complex tax rules to real life scenarios. She has a genuine passion for helping practitioners find a solution to the tax problems that their clients face (and sometimes unwittingly cause).
She understands the challenges faced by practitioners and brings a wealth of practical experience to Knowledge Shop workshops and webinars to ensure participants walk away with the knowledge and tools they need to help their clients navigate the technical issues they are facing.
Rae holds a Masters in Commerce specialising in tax and has over 20 years tax experience in professional services firms, ten in Big 4 firms both in Australia and internationally and has held management positions in mid-tier firms.
Related Party Transactions Webinar 2024
Tax & Accounting
1.25 hours | 2 modules
Investment per person:
$213.64
+ GST
Team cost:
$540.91
+ GST
You can’t use team rate, please either signup or login to access team rates
CPD Hours: 1.25 hrs
FS
SMSF
Tax Accounting
General