Skip to main content
by learnformula
search
For Business
Team license & compliance management
For Higher Education
Academic partnerships
For Government Agencies
Government training solutions
For Instructors & Course Creators
Teach on our marketplace
Become a Sponsor
Reach professionals where they learn
Log inStart 7-Day Free TrialStart Free TrialStart Free Trial
search
Courses/Accounting & Tax/Estate Taxation

Death of a Taxpayer or Business Partner

Understanding Tax Implications of Wills and Partnerships

Created byTEO Training
BeginnerUpdated Jan 17, 2025
Death of a Taxpayer or Business Partner

What You'll Learn

check_circleIdentify the relevant rules and key issues to be addressed upon the death of a taxpayer and a partner.
check_circleUnderstand the implications of the creation of trusts under a will.
check_circleProvide advice to clients in relation to the taxation issues arising from the death of a partner.
check_circleWork through relevant income tax and GST considerations arising from the death of an individual, dissolution of a partnership or the disposal of a partner’s interest.

About This Course

Making a will is something that is often overlooked. And when a will is made, tax considerations are often not taken into account.As a result, the death of a taxpayer can have wide-reaching and unexpected taxation consequences. The consequences can be even wider if the deceased was also a partner in a partnership.

Topics covered in this webinar will include:

  • Income tax consequences of asset transfers on the death of an individual, including:
    • When is a market value disposal of assets deemed to occur?
    • How do the tax rules apply for different asset classes in an estate?
    • When is “rollover relief” available?
    • What if the person was a partner in a partnership?
  • GST considerations on the death of an individual taxpayer and a partner.

The webinar will be a mix of the technical rules that apply and practical examples to highlight the interplay of some of the relevant tax rules that need to be worked through to assess the tax outcomes for all concerned, including not only the rules applying to the death of an individual but implications and considerations if the deceased was also a partner in a partnership.

This course will be suited to:

  • Accountants and lawyers who act for partners or partnerships and advise on partnership issues and agreements.
  • Accountants, advisors and lawyers who advise on wills and who manage or administer estates.

Your Instructors

TEO Training
TEO Training
menu_book204 courses
star224 reviews

TEO Training provides practical learning experiences on primarily tax-related topics for accountants, lawyers and business advisors across New Zealand.

Nola  Crafar
Nola Crafar

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.

Credit Information

What Students Are Saying

0.0
Student's Choice
0 reviews

Frequently Asked Questions

We are a registered provider with 300+ associations and regulatory bodies worldwide. We operate across 27 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.

You May Also Like

Ethics: Ethics for Accountants

AI, Ethics, and the Professional Accountant 2025

star4.9(2340)
3 CPD hrs
Accounting & Tax: Technology for Accountants

Claude Fundamentals for Accountants (2026 Update)

star5.0(578)
2.5 CPD hrs
Accounting & Tax: Technology for Accountants

AI-Ready Leader: Skills Every CFO & Controller Must Build

star4.9(425)
1.5 CPD hrs