Session Overview
The aim of this webinar is to:
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Examine some common areas involving residential property and the tax implications;
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illustrate the application of tax principles by way of examples; and
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provide an opportunity for attendees to raise issues that they face in their daily working lives.
By the end of the webinar, participants will be able to:
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distinguish between a repair and an improvement and provide examples to illustrate;
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explain why initial repairs are considered to be capital expenditure;
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explain when expenditure is regarded as a depreciating asset or premises
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illustrate come knotty problems that can arise and find solutions.