SHORT DESCRIPTION

Understand the key provisions of the Eighth Schedule and the calculation and practical application of Capital Gains Tax. April 2020

WHAT YOU WILL LEARN

After attending this webinar you will be able to:

• Learn what the portion is that will be taxed due to appreciate in the value of assets disposed
• Learn how to calculate Capital Gains Tax
• Learn when and how Capital Gains tax should be paid
• Understand the exclusions
• Know how Capital Gains Tax practically feed into a tax return

DESCRIPTION

Capital Gains Tax has a reputation of being complex and scary. It needn’t be. Disposals occur on a daily basis and any taxpayer could be subject to Capital Gains Tax: natural persons, corporates, trusts, deceased estates, etc.

Join Carmen Westermeyer in this session that will provide an introduction and basic overview of the basic principles that form the core of Capital Gains Tax, based on examples of common transactions that give rise to Capital Gains Tax.

PRICE

The following pricing apply:
Ad hoc: R475.00
Subscription: Included for free in Accountant in Practice plus Tax package.

CONTENT

Part 1

• What does “ethics” mean?
• What challenges are facing our profession?
• What guidance is given in the SAIT Code of Professional Conduct?
• When will a professional be considered independent?

Part 2

• What key concepts in the Code of Professional Conduct should be applied by tax professionals?
• What is NOCLAR and when will it be relevant?
• What does the law say about Ethics?
• What is the difference between “Professionalism” and “Commercialism”?

REQUIREMENTS

There are no preconditions for this course.
Moderate level.
Recorded webinar made available on a specified date

PRESENTER

Carmen Westermeyer 

Carmen Westermeyer graduated in 2001 from the University of Natal, Durban (now UKZN), with a BCom Honours degree in Accounting and completed her articles with PwC in 2004. She has been a member of SAICA since then.

Carmen stayed with PwC for a year as Assistant Manager, venturing into the world of commerce in 2006. In 2008, she was appointed as a lecturer at UKZN and coordinated the Taxation 300 course until December 2010. From 1 January 2010, Carmen took over the role of Academic Leader for the Taxation Department, as well as the coordination of the Postgraduate Taxation Programme. During her time as Academic Leader she had numerous opportunities to liase with SAICA on issues relating to the ITC, as well as being a member of the Tax Committee.

In December 2012 she started running ad hoc training courses for members of the profession. From December 2013, she moved into commercial training and consulting on a full-time basis. She has been involved in various training activities, such as the SAICA SMP training in 2014 and the FASSET Budget and Tax Update in 2015 and 2016.

ADDITIONAL MATERIAL

By attending this webinar, you will be provided with:
– Summarised slide presentation.
– Reference documents and / or course material where available.
– Access to a technical knowledge base.
– Recorded webinar that includes an expert presenter and participant interaction.