Price:
R422.05 (VAT Incl.)
Level:
Tax Professionals
Sub-level:
Taxation
Lecturer:
Carmen Westermeyer
Duration:
120 Minutes
Additionals:
R422.05 (VAT Incl.)
Level:
Tax Professionals
Sub-level:
Taxation
Lecturer:
Carmen Westermeyer
Duration:
120 Minutes
Additionals:
CPD Assessment
Certificate
Certificate
Lesson Outline
This course is designed for delegates who need to understand what the tax consequences are of the issue of loans between various taxpayers. There is no longer the safe haven of “just charge interest and you’ll be fine” which was available under STC. Multiple sections have been added to the Income Tax Act that influences how interest, or the lack thereof, must be dealt with.
• An overview of each of the new sections that have been added to the Income Tax Act
• A refresher on the Interest Withholding Tax
• A reminder of some of the pitfalls for Trusts with regard to interest.
After attending this course, delegates will have gained an understanding of the competencies mentioned below and must be able to apply the concepts and techniques in most situations and environments:
• Understand the anti-avoidance legislation regarding the terms and conditions of the loan, as well as the calculation of
• interest
• Be able to calculate the limitations on the deductibility of interest
• Understand the tax consequences of the write-off of a loan
• Understand the tax consequences of interest receipts for trusts.
• An overview of each of the new sections that have been added to the Income Tax Act
• A refresher on the Interest Withholding Tax
• A reminder of some of the pitfalls for Trusts with regard to interest.
After attending this course, delegates will have gained an understanding of the competencies mentioned below and must be able to apply the concepts and techniques in most situations and environments:
• Understand the anti-avoidance legislation regarding the terms and conditions of the loan, as well as the calculation of
• interest
• Be able to calculate the limitations on the deductibility of interest
• Understand the tax consequences of the write-off of a loan
• Understand the tax consequences of interest receipts for trusts.