Compensation Payments - May 2025 (3 Hours of CPD)

Navigating the complexities of compensation payments is crucial for accountants. This webinar delves into the nuances of compensation payments, exploring when they are classified as income, ETP, CGT, or even CGT exempt. 

Leading Tax Trainer Jo-anne Hotston will cover practical scenarios, including insurance recoveries for trading stock and assets, compensation for buildings, compulsory land acquisitions, and personal injury settlements. 

 Specifically, this Masterclass will cover:

• General examples of compensation payments
  
• When is a compensation payment income, an ETP, CGT or maybe CGT exempt?
  
• Dealing with undissected lump sums
  
• Some specific workshop examples where compensation is received for:
  
  • Insurance recoveries – trading stock and other assets
    
  • Buildings – where the insurance is only partly or fully expended on rebuilding the asset, or maybe not spent at all
    
  • Land – compulsory acquisitions by statutory authorities
    
  • Personal injury amounts – including defamation
    
  • Compensation where there is no underlying asset 
    
  • Other structured settlements
    
  • Repayment of workers comp amounts
    
• And much, much more...
  

What's Included?

• 3 Hours of CPD
• 90 Days of Recording Access (Unlimited Views) 
• Session Slides