Webinar Training Course

Debt forgiveness and debt write offs

Price: Firm/Group/Company - R1403.00 (VAT Incl.)
Individuals - R563.50 (VAT Incl.)
Price (MLU Subscriber): Firm/Group/Company - R1052.25 (VAT Incl.)
Individuals - R437.00 (VAT Incl.)
Presenter: Ms Carmen Westermeyer (Wortmann)
Date: 23 Apr '19
Times: 09H00 - 11H00
Duration: 2
CPD Hours: Attending the course and successfully completing the post-assessment, will grant you 2 hour/s verifiable CPD, recognised by the various professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc). Please note that the CPD certificate will only be issued once the post-assessment has been completed.
Platform: Web Based (Online)
Contact Person: Carmen Westermeyer
T:  0118861395
E:  gillian@probetatraining.co.za
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Over the last couple of years National Treasury and SARS have spent a significant amount of time and effort amending the law surrounding the treatment of debt write offs. This is often seen as interchangeable with the concept of debt forgiveness. Does it matter which side of the fence you’re on?

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 what is meant by “debt compromise resulting in a debt benefit” • Understand the consequences of such a debt compromise • Understand which exemptions are available • Understand when s11(i) can be claimed • Understand the s11(j) doubtful debts allowance • Be able to determine the CGT consequences for the holder • Understand how the relationship between the holder and issuer can impact the tax consequences.

The aim of this session is to cover the core ideas of debt compromises in s 19 and para 12A of the Eighth Schedule. We however want to take this a step further and look at the consequences for the holder of the loan as well – can you claim s11(i)? Do you have CGT consequences? What about connected person issues?

This course would be useful for all persons who provide tax advice for any clients. It would also be useful for any persons who are responsibility for the tax compliance of their businesses or their clients. Any delegate that is looking to get a refresher on the above topics would also be welcome.