Capital Gains Tax Advanced

Price:
R565.00 (VAT Incl.)
Level:
Tax Professionals
Sub-level:
Taxation
Lecturer:
Biz Facility
Duration:
180 Minutes
Additionals:
   CPD Assessment
   Certificate

Lesson Outline

Capital Gains Tax is a complex matter to understand. Capital gains tax (CGT) is not a separate tax but forms part of income tax. A capital gain arises when you dispose of an asset on or after 1 October 2001 for proceeds that exceed its base cost.

The relevant legislation is contained in the Eighth Schedule to the Income Tax Act 58 of 1962. Please join us for this very insightful session, whereby we are going to unpack CGT on a more advanced level.

Topics Discussed:

  1. Income tax framework
  2. Capital gains tax structure
  3. Capital vs. revenue
  4. The eight schedule
  5. Taxable capital gains and assessed losses
  6. Disposal and acquisition of assets
  7. Limitation of losses
  8. Base cost
  9. Proceeds
  10. Primary residence exclusion
  11. Impact of CGT on the income tax calculation