Tax Relief for Severe Weather Losses and Cyclone Recovery
This course will cover what weather related losses can be expensed (e.g. buildings and plant) and what cyclone based tax reliefs are or will be available for employers and in respect of windfall taxable income.
In particular, we will be using the legislation introduced on budget day to discuss in detail and with examples the tax reliefs from excess depreciation recovered from the destruction of insured assets.
The term severe weather refers to the three recent severe weather events in the North Island – the two cyclones and the Auckland anniversary heavy rain.
Suited to:
TEO Training provides practical learning experiences on primarily tax-related topics for accountants, lawyers and business advisors across New Zealand.
Director, Jim Gordon Tax Ltd
Jim Gordon FCA started preparing farm accounts in 1974. He has been involved with almost all of the primary sector tax reforms since 1986. Jim brings a wide range of both theoretical and practical experience to his presentations.
