18 April 1986 Tax seminars held at Lincoln

Farmers will be given a better understanding of how the proposed goods and services tax will affect them at three
seminars being run by Lincoln College towards the end of May.

The first of the one-day seminars will be at Timaru on Tuesday May 27, the next at Ashburton the following
day, and the final seminar at Lincoln College on the Thursday of that week.

Tutors will be from the college farm management department finance and accounting section, the Inland Revenue
Department, and accountants Lawrence Anderson and Buddle.

Farmers and their families will be told how GST will affect farm accounting.

The seminars have been arranged to coincide with the issue of a 23-paqe booklet Farmers and GST by the IRD.

The seminars arc being organised by the Rural Development and Extension Centre at Lincoln College.

Senior extension officer with R.D.E.C, Mr Don Crabb, said he hoped the seminars would attract husbands and wives who worked together on farm accounts.

"The seminars were planned for May rather than earlier to give tutors more opportunity to assess how GST might affect farmers," he said.

Those at the seminars will been told the basic concepts of GST, and then go on to discussing what is taxable, exemptions, registrations, importing, zero-rating, and export agents.

Planning choices, how general concepts can be applied to individual farmers, and specific considerations as applying to farmers will be discussed.

After the main discussion there will be a commentary from IRD staff, and the opportunity for those at the seminar to ask questions.

The Timaru seminar will be held in the Red Cross Hall on Bank Street, the Ashburton seminar in the St Andrews Church Community Centre on the corner of Havelock Street and Park Street, and the Lincoln College seminar in the Lincoln College Union.

Each seminar will start at 10 a.m. and finish at 3.30 p.m. The seminar fee is $33 for one, and $57 for a husband and wife.

Further information from Mr Crabb
or Mrs Aileen Taylor, at Lincoln
College, phone (03) 252-811 extension
713.