Learning Objectives:
- Understand the tax obligations involved in selling, closing, or restructuring a business
- Learn how purchase price allocation rules and recent tax changes apply to asset and share sales
Description
Attend and earn 1 CPD hour
* This interactive online recording includes questions and quizzes requiring critical thinking about the topics, so you have no annual limits to the number of points/hours you can claim with this format of learning. Please verify with your CPD rules
Chair
Graeme Switzer, Partner, Duncan Cotterill
Tax Considerations in Changing, Selling, or Closing a Business
- Understanding the different income tax rules and obligations for buying or selling business assets or shares
- Navigating asset sales including application of the purchase price allocation rules
- Issues with selling shares in a business
- An overview of recent business tax developments
Presented by Nico Murray, and Iain McConvill, Technical Specialists and Chartered Accountants, Inland Revenue
Presenters
Nico Murray, Technical Specialist & Chartered Accountant, Inland Revenue
Nico joined New Zealand’s Inland Revenue Department in 2014 as Customer Compliance Specialist (Significant Enterprises). In 2023 he transferred to the Technical Specialist Network and part of his portfolio is technical lead for the Purchase Price Allocation rules. Prior to 2014 Nico spent 14 years as senior tax investigator in the banking industry at the South African Revenue Service.
Iain McConville, Technical Specialist & Chartered Accountant, Inland Revenue
Iain works within the Tūhononga mātanga hangarau - Technical Specialist Network at Inland Revenue, providing technical advice, case support, and coaching across a wide range of tax products. He also provides his support and specialist knowledge for a range of internal and external forums and the development and embedding of new legislation, including involvement with the implementation of the purchase price allocation rules.
Graeme Switzer, Partner, Duncan Cotterill
Graeme specialises in mergers and acquisitions, company restructurings, securities offerings, and general corporate and commercial law. He has advised public companies, multinationals, government entities, accounting firms and medium sized enterprises and regularly advises overseas companies on New Zealand merger and acquisition transactions and broader New Zealand legal matters. Graeme’s experience includes advising on a range of business sales and purchases for New Zealand companies and large overseas based multinationals, as well as for medium sized enterprises. Other examples of his experience include advising on joint ventures, New Zealand securities law issues related to overseas mergers, issues relating to overseas businesses setting up New Zealand branches and generally advising on a range of commercial contracts. Graeme has been practicing law since 1999.
