Since the introduction of capital gains tax (CGT)on 1 October 2001, taxpayers have become increasingly aware that CGT is triggered in both private and business transactions. The seminar is aimed at explaning the framework of CGT and giving an overview of the impact of CGT.
COURSE CONTENT:
Capital versus Revenue
Residence and non-residence
Tax formula and the calculation of taxable capital gains and capital losses
Eighth schedule: definition of "asset", "disposal"
Deemed disposals: emmigration, immigration, change of intention in respect of asset and death
Proceeds: definition of "proceeds", "deemed proceeds" and unquantified or unaccrued amounts
Base cost: Post and pre-valuation date assets, para 20 of the Eighth schedule expenses, TAB formula and deemed base costs
Primary residence exclusion
Personal use assets and disregarded capital gains and losses
Roll over provisions in respect of a spouse
WHO SHOULD ATTEND?
All asset owning individual taxpayers
Tax consultants in private practice and SARS
Business owners (including partners of partnerships
Compliance persons responsible for overall risk management within a business
Attorney and persons involved in real estate
All persons involved in estate planning
PRESENTER/S:
Di Seccombe (Bcom, LLB, LLM(Taxation) Di Seccombe has been involved in tax for the past 10 years. She is an admitted attorney with a Masters degree in taxation. Di is currently a senior tax manager with Mazars in Cape Town and lectures part time on the UNISA CTA programme to assist up and coming CA's. 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 and is a popular lectuer amongst her students, as her primary focus in any presentation is that attendees find the material presented in an understandable and accessible manner.
CPD:
Attendance at this seminar will secure 4 hours verifiable CPD points
including other professional bodies (SAICA, SAIPA, SAIBA, ACCA, IAC, ICB, FPI, ACIS, LSSA, FISA)
