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2018 Mazars – Trusts: Loan Accounts and Paperwork (Cape Town)
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2018/04/17
When: 17 April 2018
From 8:00am until 1:30pm
Where: Auditorium, Mazars House
Rialto Road,
Grand Moorings Precinct,
Century City, Western Cape  7441
South Africa
Contact: Tshepo Magopa
0129410400


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Overview

With the introduction and far reaching amendment of section 7C, causing an annual donation to arise from low or interest free loans to trusts and companies, new rules and documentation requirements for independent trustees and further changes to the Trust Tax return, taxpayers have their hands full.

Course Content

Please join us as we take an in-depth look into the following issues:

  • Section 7C
    • Fundamental amendment to section 7C and loans to companies
    • New debt waiver rules
    • Application of sections 7 and 7C and potential double tax
    • Meaning of 'connected persons'
    • Application of section 7C to beneficiary loan accounts and how to avoid this
    • Disclosure of loans in AFS’s and effect on 7C
    • Tax planning in respect of 7C
  • 2018 Budget Speech
  • Independent trustees and a valid trust
  • ITR12T Trust return
    • Latest changes to the return
    • New disclosure required in Trust AFS’s
    • Disclosure linked directly to section 7C
  • Trustee Resolutions
    • How to ensure valid and timeous
    • Wording of resolution and effect on application of section 7C to beneficiary loan accounts
  • Taxation of trust beneficiaries

Who Should Attend?

  • Persons involved in financial advisory services, estate planning and real estate
  • Tax specialists
  • Tax practitioners involved in submission of trust returns
  • Practicing accountants and lawyers
  • In-house tax managers and advisors
  • Financial directors and managers and business owners
  • Trustees and trust beneficiaries

Programme

08h00 – 08h30 Arrival and registration
08h30 – 10h30 Presentation first half
10h30 – 11h00 Tea break
11h00 – 13h30 Presentation second half

Presenter

Di Seccombe
BCom, LLB, LLM (Taxation)
 
Di Seccombe is an admitted attorney with a Master’s degree in taxation who has been involved in tax for over 10 years. She started her tax career as a full-time academic with the University of KwaZulu-Natal before moving into practice. 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. 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 for, amongst others, the South African Institute of Tax Professionals (SAIT), the South African Institute of Professional Accountants (SAPIA) and the UCT Graduate School of Business, focusing on general as well as specialised tax topics. She still lectures part-time for the National School of Accounting and Varsity College in Cape Town.

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

This webinar and successful completion of the online assessment will secure 5 hours verifiable output TAX CPD points/units.

Including the following professional bodies: SAICA, CIMA, SAIPA, SAIBA, ACCA, FPI, CSSA, LSSA, FISA, ICBA, IAC, AAT

Event Investment

Member and Non-member: R1254.00


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  • Only written notice of cancellation will be recognised.

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    • If the cancellation occurs more than 4 working days prior to the event no cancellation fee will be charged.

    • If the cancellation occurs less than 4 working days prior to the event a 100% cancellation fee will apply.

  • Delegates who book and fail to attend will be liable for the full event fee.

  • SAIT's liability in the case of an event being cancelled will be limited to a refund or credit of the event fee.

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