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2019 Webinar: New Debt Reduction Rules and CGT
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2019/04/17
When: 17 April 2019
From 3:00 pm until 5:00 pm
Where: Online Webinar
South Africa
Contact: Tshepo Magopa
0129410416


Online registration is closed.
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Overview

When debt is reduced, other than by repayment, too many taxpayers only focus on the tax consequences for the lender and not the borrower (the debtor).

The two provisions in the Income Tax Act that dictate the tax consequences for the debtor have recently been amended: section 19 and paragraph 12A in the Eighth schedule.

Please join us as we examine the amendments to paragraph 12A and the capital gains tax (CGT) consequences for the debtor of debt reduction.


Course Content

We will examine the following:

  • What is a “debt benefit”?
  • New CGT consequences for the debtor of “debt benefit”
  • Consequences of bequest of debt back to debtor on death of lender
  • New consequences for debt reduced by donation
    • Can R100 000 of the debt still be waived?
    • What if the lender is non-resident?
  • Effect of converting debt to equity
  • Implications for business rescue
  •  


Presenter:

Di Seccombe

National Head of Taxation: Mazars Academy

Di Seccombe is an admitted attorney with a Masters degree in taxation and has been involved in tax for over 15 years. Diane is currently the National Head of Taxation for the Mazars Academy and in this capacity provides tax training to Professional Institutes, Banks, Financial Service Providers, Mazars partners, staff and clients. Diane also consults on income tax matters including, corporate, individual and international tax as well as VAT.


CPD

This webinar and successful completion of the online assessment will secure 2 hours verifiable output TAXCPD points/units.


Event Pricing:

Free for General Tax Practitioner and Tax Accountant CPD subscribers. (Not yet a subscriber? Please click here for more information).

Member: R395.00

Other member: R475.00

Company price: R950.00

Please note the company price applies whenever more than one person will be watching a webinar concurrently from one connection, e.g. if a group is watching the webinar together in a boardroom.


Payments & Cancellations

  • All payments must be made by EFT or by credit card, at least 3 working days before commencement of an event.
  • Kindly note that should payment not be received 2 days after the event, legal action will be taken
  • Proof of payment will be requested at registration, if payment does not reflect on SAIT`s bank account.
  • Only written notice of cancellation will be recognized.
  • Conditions:
    • 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.
  • Please click here for the full terms and conditions.

 

 

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