Bright-line Test 2025 – Not as simple as it seems (live webinar)

Although the Bright-line rules as amended from July 2024 simplified the application of the rules on the face of it, there are common tax issues that arise as a result of those changes. 

In this course, we look at the rules as a whole but will focus on the scenarios that cause issues and where care needs to be taken to not give rise to unintended tax outcomes.

This is an opportunity to come to terms with the rules as they now stand, understand where the issues arise and what to look out for, and consider what options you may have in terms of restructuring ownership of residential land and managing taxation outcomes.

Upon satisfactory completion of this activity, you will be able to understand:

• How the bright-line test applies, including how properties sold after 1 July 2024 will be treated.

• How the main home exemption applies.

• How the pattern of buying and selling rules apply.

• The relevance to other land rules.

• Rollover Relief and the fishhooks with them

• How these apply including the impact of the latest changes.

• Practical considerations and options for restructuring.

• Interest Deductibility limitation, Residential Ring Fencing and MUA Quarantining Rules and their application to a bright-line sale.
• Holding cost deductibility when the bright-line rules apply.

This course will be suited to:

• all levels of accountants
• corporate professionals
• public practice – law and accounting
• general business advisors. 

Duration: 1.00 CPD hours (approx. 55 mins content + 5 mins Q&A)

PRESENTER

Daniel Gibbons, Partner, Findex/Crowe
Daniel is a Partner for Findex in Queenstown. Daniel has been with Findex for 16 years, where he advises on a wide range of tax matters, including property transactions and property ownership structures, international taxation issues, the tax treatment of investments and providing structuring advice to clients, including assistance for family group restructures. Daniel is recognised as a leader in the taxation treatment of short stay accommodation, providing training to other practitioners.