May 27, 2014 - more readily and remotely accessible online learning platforms, are part of the ... Inland Revenue Interp
Tax and Trust Law Conference 27th May 2014 The George, Christchurch
REGISTER TODAY Visit www.cchlearning.co.nz/tax-trust-law-conference or complete Registration Form on back page.
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REGISTRATIONS NOW OPEN
Tax and Trust Law Conference 27 May, The George Hotel, Christchurch
CCH Learning is delighted to bring to Christchurch this one day Tax and Trust Law conference for Accountants and Lawyers. This very topical one day conference, with Tax sessions relating to the rebuild in the morning and Trust law update sessions in the afternoon, is designed to appeal to both Accountants and Lawyers. With a mix of presentations by leading specialists, the conference will offer attendees a varied programme of informative discussion around current tax and trust related issues and challenges. Book for either the morning Tax or afternoon Trusts sessions or for the full day’s programme. The conference will be followed by networking drinks. Conference highlights include: Tax Morning • Tax Issues for Migrants and Temporary workers • Making the most of a bad situation - what we have learnt (and are still learning) from working with the welcome tax changes that were made in relation to taxing insurance proceeds from the Canterbury earthquake claims • Tax treatment of Land Transactions – Boot Camp refresher • Taxation of Subdivisions and Developments Trust Afternoon • Trustee Liability – Trustee Insurance / Professional Indemnity And Policy Restrictions • Corporate Trustee Liability - How much do you really know? • Trusts & Residential Care Subsidies • Trust Case Law update • Law Commision Report - its effect on trust administration and practice
CCH professional development solutions CCH Learning’s primary focus is to provide professionals with easy and cost-effective access to knowledge, information and professional development solutions. Our offerings provide professionals with the skills and knowledge to improve efficiency, develop best practice, stay in touch with their changing legal obligations and help them to succeed in the competitive business environment.
Now offering conferences and seminars In addition to CCH Learning’s highly successful webinar programme, we are pleased to announce that in 2014 we are also running a series of conferences and seminars. The conferences, some of which were previously run by LexisNexis® who, in their 100th year, are moving their educational events to more readily and remotely accessible online learning platforms, are part of the CCH Learning brand.
CCH Learning REGISTER TODAY Visit www.cchlearning.co.nz/tax-trust-law-conference
Or complete the Registration Form on back page.
Tax and Trust Law Conference Programme 8.00 Registration & Coffee 8.45
Welcome and opening from the chair Stephen Tomlinson, Partner, Tomlinson Law
9.00 Tax Issues for Migrants and Temporary workers Henry Risk, Director, PWC The session will cover various tax issues that affect migrants and temporary workers. The focus for the temporary workers segment will be on issues around the rebuild, while the migrants segment will be more general. Migrants Tax residence: • Recent case law • Inland Revenue Interpretation Statement - Tax residence Transitional residence: • Commencement • Issues arising at end of transitional residence • Planning Home country tax issues: • Superannuation • Financial arrangements Temporary workers Treatment of personal services income Issues for employers: • Relocation allowances • Immigration and work permits • Non-resident employers 9.45
Making the Most of a Bad Situation Malcolm Hudson, Partner, PWC Three years on and the lessons we have learnt (and are still learning) from working with the welcome tax changes that were made in relation to taxing insurance proceeds from the Canterbury earthquake claims. Also a look at some related issues emerging with tax breaks on earthquake costs.
10.25 Morning Tea 10.40 Tax Treatment of Land Transactions - Boot Camp Refresher Don MacKenzie, Partner, Deloitte This session will cover: • The overall operation of the land provisions – what you need to know • Revenue account property • Implications of rezoning • Associated persons • GST zero rating of land transactions • Other considerations in sale and purchase agreements 11.20 Taxation issues surrounding subdivisions and developments Mark Lodder, Partner, BDO In this session we will discuss: • The mechanics of the income tax legislation with respect to subdivisions and developments • The meaning of more than minor • Some of the exclusions that may apply • Multiple schemes and purpose • Potential GST consequences • Earthquake related issues 12.00 Panel Discussion - Should New Zealand introduce a Capital Gains Tax? Chair: Stephen Tomlinson. Panel: Mark Lodder, Don Mackenzie, and Henry Risk
12.00 Lunch 1.45 Trustee Liability - Trustee Insurance/Professional Indemnity and Policy Restrictions Jared Ormsby, Partner, Wynn Williams In this session, Jared will discuss: • Nature of trustee liability • Personal liability, contribution, and indemnity: w AMP General Insurance v McAlister Todd [2006] NZFC 105 w Selkirk v McIntyre [2013] NZHC 575 w Commissioner of Inland Revenue v Newmarket Trustees Limited [2012] 3NZLR 207 w Church Property Trustees v Attorney-General [2013] NZHC 678 • Scope of professional partnerships and services – partnership business: w Hansen v Young [2004] 1 NZLR 37 • Professional indemnity policies – policy coverage and restrictions • Solicitor trustee and indemnity problems • Trustee Act – investment duties and liability threshold (Section 13C Trustee Act 1956 Law Commission – The business of giving investment advice – is that the role of a lawyer? • Liability issues: w Tax, RMA, HSC, Civil, Beneficiary liability and exclusion 2.25 Corporate Trustee Liability - how much do you really know? Katherine Ewer, Tax and Trust Consultant Covering current liability issues for trustees this session will have a particular emphasis on recent case decisions regarding trustee liability for GST and income tax - with a brief discussion regarding Law Commission proposals to impose personal liability on directors of trustee companies. 3.05 Trusts & Residential Care Subsidies Jonathan Scragg, Partner & Richard Lang, Partner, Duncan Cotterill This session will examine recent case law concerning the effect of gifting to family trusts on eligibility for the residential care subsidy, including the implications and lessons for trust administration.
3.45 Afternoon Tea 4.00 Trust Case Law update Warwick Ayers, Partner, Ayres Legal Trust Law is constantly evolving as the latest decisions from the courts refine and develop existing principles. This session will comprise a case-roundup of some of the latest key trust cases and will analyse the implications for trustees and trust advisors. 4.40 The Law Commision report - its effect on trust administration and practice Ingrid Taylor, Partner, Taylor Shaw
• • • • •
Why is a new Act needed-is the cure worse than the disease? Codification of trustee duties Avoiding the consequences of a breach of trust Retaining and disclosing documents and information Statutory review-replacement of S68.
5.20 Closing remarks from the chair Stephen Tomlinson, Partner, Tomlinson Law 5.30 Networking Drinks
Tax and Trust Law Conference
Registration Form HOW TO BOOK
27 May, The George, Christchurch
1. ONLINE. Go to www.cchlearning.co.nz/tax-trust-law-conference to book online. 2. PHONE or EMAIL. Contact the CCH Learning customer services team on 0800 932 462 or email
[email protected] 3. MAIL. Fill in your delegate and payment details on this order form and return the form to CCH New Zealand Limited, PO Box 2378, Shortland Street, Auckland 1140.
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Tax and Trust Law Conference
Price
Full Day Conference
$600.00 plus GST $690.00
Tax morning only
$350.00 plus GST $402.50
Trust afternoon only
$350.00 plus GST $402.50
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Payment Details Please invoice my organisation OR Please debit my: Mastercard Visa Amex $_________ Card Number Cardholder’s name:
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I enclose a cheque payable to CCH New Zealand Limited for $_____________ Payment is due upon registration. This document will be a Tax Invoice/Receipt for GST upon completion of payment. Programme Changes: Conference details were correct at the time this programme went to print. CCH New Zealand reserves the right to amend or cancel the conference at any time if required. Visit cchlearning.co.nz to see up-to-date programme. Cancellation: Your registration will be confirmed in writing when full payment has been received. Cancellations must be notified in writing. The following Cancellation Policy will apply: 1. One calendar month or more prior to the event: Registration fee will be refunded less $165 administration fee. 2. Between one calendar month plus one day and 14 days prior to the event: 50% of registration fee paid by you. 3. 13 days or less prior to the event: No refund of your registration fee. However, you may nominate a replacement delegate to attend in your place. Please place an X in any of the following boxes if you would prefer CCH NOT to contact you about other selected products, services and events: Email Post Phone Fax
CCH NEW ZEALAND LIMITED
PO Box 2378, Shortland St, Auckland 1140
Book Online
0800 932 462 cchlearning.co.nz
www.cchlearning.co.nz/tax-trust-law-conference
When you have to be right
TM
