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2020 A 360-degree view of Individual taxpayers - Webinar 1
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2020/07/08
When: 8 July 2020
From 9:00am until 1:00pm
Where: Online Webinar
South Africa
Contact: Tshepo Magopa
0129437002

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Overview

Personal Income Tax is relevant to salaried employees and self-employed individuals. In this comprehensive session we will take a 360-degree view of the issues affecting individual taxpayers. We will also deal with how items should be reflected and declared on the ITR12. The session will be practical and case study based.

In this comprehensive session we will unpack and explore the following key questions and issues:

  • Who is required to submit an ITR12?
  • When will a natural person be a provisional taxpayer?
  • How should non-taxable receipts be treated?
  • How should exempt receipts be treated?
  • How will the tax calculation and the completion of an ITR12 be impacted if spouses are married in community of property? Also, how will this affect the tax consequences arising when a spouse passes away?
  • What deductions can be claimed against allowances and how should these flow into the ITR12?
  • When can home office expenses be claimed and how should the deduction be calculated?
  • Specific issues related to commission earners and deductions claimable by these taxpayers
  • Specific issues related to a rental trade and the deductions available against the income earned (as well as related losses)
  • When will losses realised by a taxpayer be ring-fenced?
  • How should annuity income and lump sums from employers (including severance benefits) be treated?
  • How should receipts as beneficiary of a trust be dealt with in the tax calculation and declared in the ITR12?
  • How should disposals of capital assets be dealt with? What exclusions are available? In particular, what tax consequences will arise on the disposal of a primary residence?
  • How should a taxpayer’s contributions to retirement funds be treated? How will the deduction be calculated and how should it be declared on the ITR12?
  • How will a taxpayer’s donations impact the calculation of taxable income and how should it be declared on the ITR12?
  • What rebates can be claimed by a taxpayer related to contributions to a medical aid as well as other medical costs incurred?

Presenter


Karen van Wyk

Karen Van Wyk is a chartered accountant. She has a passion for taxation and has lectured at a post-graduate level at the University of Johannesburg, the University of the Witwatersrand and the University of Pretoria. She has also been extensively involved in various initiatives of the South African Institute of Tax Professionals (SAIT) and the South African Institute of Chartered Accountants (SAICA). Karen is a regular presenter of advanced taxation face-to-face CPD sessions and webinars and enjoys interacting with tax and accounting professionals.


CPD

This event and successful completion of the online assessment will secure 4 hours verifiable output Tax CPD points.


Event Investment 


100% discount for all CPD subscribers

Not a CPD subscriber yet? Click here to register now.

Member: R480.00

Non-member: R575.00

Company Price: R950.00


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 bank account.
  • Cancellations:
    • Only written notice of cancellation will be recognized.
    • 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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