Taxation of Trusts 2020

Understanding Trust Taxes for effective estate planning. August 2020.

WHAT YOU WILL LEARN

After attending this webinar you will be able to:

  • Understand the fundamental principles of trust taxation
  • Know who trust taxation impact the donors, beneficiaries and other parties
  • Learn what donors should consider when donating to a trust
  • Discuss the risks and how they should be mitigated

DESCRIPTION

The taxation of trusts is an area that is often poorly understood. For many years, this did not negatively impact taxpayers, as taxpayers had a lot of freedom to structure trusts in such a way to obtain a tax advantage through effective estate planning. This is certainly no longer the case. The aim of this webinar is to look at the fundamental principles of trust taxation and how these impact the donors, beneficiaries and any other impacted parties. We will explore the tax consequences that could unexpectedly arise for donors and what donors should consider when donating to a trust. We will also discuss the risk areas and how these risks should be mitigated in order to protect the relevant parties involved, especially when financing is provided to trusts

PRICE

The following pricing apply:
Ad hoc: R575.00
Subscription: Included for free in Accountant in Practice plus Tax package.

CONTENT

  • The principles of trust taxation
      • Income
      • Expenses
      • Distributions
  • Anti-avoidance and trusts
  • Attribution rules related to trusts (income and capital rules)
  • The impact of section 7C
  • Tax consequences for beneficiaries
  • Tax consequences for donors
  • Tax consequences of offshore trusts

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 liaise 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.

R 575 VAT Incl.

Additional Course Information

Category Tax
Accredited SAIBA
Verifiable CPD Hours 5
Non-verifiable CPD Hours N/A
Effort 5 hours
Duration 5 hours
Format Webinar
Level Moderate
Assessment Yes
Study Material No
Course Date 20 August, 2020
SKU CPD200114M Categories ,

Who should attend?

Business Accountant (SA)
Business Accountants in Practice (SA)
Certified Business Accountant (SA)
Certified Financial Officers (SA)

This event is included in the following subscription packages:

If you are not a subscriber, you need to purchase the event as a stand-alone event or subscribe to a SAIBA subscription package.

How to subscribe

Subscribers pay less for their CPD points.
SAIBA offers 4 subscription packages that provides access to everything to run a successful accounting and tax practice.

Pay a small monthly amount and gain access to monthly webinars covering ethics, financials, reporting, audit and assurance, working papers, law, technology, management topics, and tax.

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