A good understanding of the impact of CGT on many private and commercial transactions is essential for effective and efficient tax planning. In this seminar we examine the CGT consequences of specific transactions faced by many taxpayers and how to avoid common CGT pitfalls that arise.
COURSE CONTENT:
Brief overview of calculation of CGT liability
Non-resident disposal of SA immovable property
Property development: conversion of capital asset to trading stock and visa versa, realisation companies and trusts. Conversion of shareblock to sectional title
Primary residence exclusion: Effect of having a home office, subsequent use of primary residence to produce rental income
Shareholders: Sales of shares-Investor versus sharedealer, receipt of capital distribution by shareholder and deemed disposal
Companies: Liquidation of company and deemed disposal of assets, going concern distribution of capital assets as a dividend in specie
Trusts: Disposal by a trust and determination of capital gain or loss, loan to trust discharged by donation, attribution of capital gains, movement of assets into trusts from deceased estate.
Estate Planning: CGT and usufructs, deemed disposal at death, movement of assets into and out of the deceased estate, use of discretionary trust and surviving spouse rollover
Corporate rollover provisions: replacement and reinvestment assets recoupment and capital gain
WHO SHOULD ATTEND?
Property developers
Persons involved in financial advisory services, estate planning and real estate
Tax specialists and SARS officials
Practising accountants and lawyers
In-house tax managers and advisors
Financial directors, managers and business owners
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)
