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2012 Trust Seminar - Presented by Diane Seccombe - George
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2012/04/23
When: Monday, 23 April 2012
09:00 - 13:00 (Registration from 08:15)
Where: Protea Hotel King George
King George Drive
King George Park
George, Western Cape  6530
South Africa
Contact: Moniqua janse Van Vuuren


Online registration is closed.
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Overview

In his 2012 Budget Speech the Minister of Finance revealed that from information disclosed in the voluntary disclosure programme areas where taxpayers failed to disclose information, failed to document Trust transactions correctly and timeously and underpaid their taxes were revealed. As a result the Minister warned of a renewed focus on the taxation of high net worth individuals and the use of Trusts in general. SARS too have indicated an intention to increase the auditing of Trusts and Trust beneficiaries in the 2013 year of assessment.



Course content:

In this seminar we will inter alia address the following topics as they commonly arise in practice in respect of Trusts.

Topics will include:

Trust Deeds

Requirements for a valid trust deed and the separation of control.
Creation of annuity income.
Vesting of rights.
Right of revocation and estate duty.
Trustees and importance of timeous and valid Trustee resolutions.

Trust Income

Donors and deemed accruals.
Taxation of beneficiaries.
Waiver of loans to a trust and donations tax.
Distribution of dividends by a trust and loss of dividend exemption.
Creation and use of beneficiary loan accounts.
Apportionment of expenses incurred by the Trust and distributable Trust income.

CGT

Attribution rules.
Capital losses.
Increased CGT inclusion rate and the minimisation of taxation of gains in the Trust.

Offshore Trusts

Taxation of Trust founder and deemed accruals.
Taxation of non-resident trust income and capital.
Taxation of resident beneficiaries.
Taxation of non-resident beneficiaries.
Exchange control issues.

General

Dividend tax: resident and non-resident trusts.
Use of Trading Trusts.
Trusts and estate planning.



Who should attend

Persons involved in financial advisory services, estate planning and real estate, Tax specialists, Practicing accountants and lawyers, In-house tax managers and advisors, Financial directors and managers and business owners, Trustees and Trust beneficiaries, Property developers.


About the Presenter

Di Seccombe (B Com, LLB, LLM (Taxation)  

Di Seccombe is an admitted attorney with a Masters degree in taxation and has been involved in tax for over 10 years. Di is currently the National Head of Tax training and Presentations with Mazars and in this capacity provides tax training to Mazars partners, staff and clients on a national basis. Di also consults on Income Tax matters including, Corporate, Individual and International tax as well as VAT.

Di presents tax seminars on a national basis, focusing on general as well as specialised tax topics. Di still lectures part time for the National School of Accounting to assist up and coming CA's with passing the UNISA CTA (Hons) programme.

Di started her tax career as a full time academic with the University of KwaZulu-Natal before moving into practice. She has presented numerous tax seminars with great success to attendees ranging from JSE Corporate advisers to smaller tax practitioners and is a popular lecturer amongst her students. Di's primary focus in any presentation is that attendees find the material relevant and presented in an understandable and accessible manner



CPD:

Your attendance will also give you 4 valuable hours of CPD.

WHY REGISTER WITH SAIT?

Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.

MINIMUM REQUIREMENTS TO REGISTER

The Act requires that a minimum academic and practical requirments be set to register with a controlling body. Click here for the minimum requirements of SAIT.

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