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.
In this seminar we will inter alia address the following topics as they commonly arise in practice in respect of Trusts.
Topics will include:
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.
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.
Increased CGT inclusion rate and the minimisation of taxation of gains in the Trust.
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.
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
Your attendance will also give you 4 valuable hours of CPD.