Trusts and s7C Update 2024

Price:
R422.05 (VAT Incl.)
Level:
Tax Professionals
Sub-level:
Taxation
Lecturer:
Carmen Westermeyer
Duration:
120 Minutes
Additionals:
   CPD Assessment
   Certificate

Lesson Outline


Anti avoidance provisions are a fact of taxation life. There have been large developments in this sphere in the last year, including repeated amendments to s 7C. The aim of this section is to look at the anti avoidance provisions contained in the Act together with the changes that have happened in the last year, particularly the new amendment bringing in preference shares
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:
• Understanding who should be declaring section 7 adjustments
• Calculating the adjustment correctly
• Understanding the consequences of the new section 7C
• Understanding how this impacts your trust
Concepts of the anti avoidance measures contained in section 7 and section 7C
• When does it apply
• What are preference shares?
• How to calculate the consequences
• What are the reporting requirements
• How is this practically done?