Change is coming.
The new Taxation of Financial Arrangements (TOFA) legislation will have an immense impact on the way that financial arrangements are treated for tax purposes. Explore the new TOFA rules, their impact and any tax planning opportunities in this comprehensive and practical two part series designed to prepare you for 1 July 2010.
A must-attend series for all tax professionals, accountants and advisors.
The series will cover:
- Issues surrounding what is a ‘financial arrangement’ and when it is ‘sufficiently certain that a gain or loss will be made’
- The methods for determining gains and losses from financial arrangements, including the four new elective methods (in addition to the default accruals and realisation methods)
- Specific exclusions from the TOFA provisions, including certain leases and licences, certain interests in partnerships and trusts, certain guarantees and indemnities, equity interests, non-equity shares and foreign currency
- Various transactions and investments impacted by TOFA
- Common areas where TOFA affects business
- What is different under the new measures
- Tax planning opportunities under the various elective methods, as well as requirements to access the elections
- The administrative aspects including the interaction between PAYG and TOFA.
The series will be presented by partners/directors from
PricewaterhouseCoopers’ (PwC) TOFA Leadership Team, who have been heavily involved in the TOFA consultation process and have a detailed understanding of TOFA, in particular, its practical and commercial aspects and implications.
Become proficient in the new legislation and be prepared for the changes.
Places are limited so register today to avoid disappointment.
This two session series will be presented as follows:
Part 1
Date: Monday 10 May, 2010
Time: 1.00pm-2.30pm (AEST)
Part 2
Date: Monday 17 May, 2010
Time: 1.00pm-2.30pm (AEST)
Earn 3 CPE hours when you participate in this series.
This series includes the following sessions
Taxation of Financial Arrangements series - Part 1
Taxation of Financial Arrangements series - Part 2
