Capital assets are a form of investment that often yield the best returns – however it may also attract a significant amount of tax. Regardless of whether assets are employed in trade or used by individuals for their personal purposes, there is a possibility that capital gains tax will apply the moment the asset is disposed of. This course is the second step in this series, and aims to assist the taxpayer in understanding some of the specific rules in capital gains tax. Please note that while these courses are presented as a series of related matters, they cannot be booked as a bundle and bookings are to be made for each course on its own.

This session will cover the following: • A brief overview of the basic workings of capital gains tax • A brief overview of the impact of debt waivers on capital gains or losses • Specific rules that govern the capital gains tax treatment of transactions with connected persons • Specific anti-avoidance and loss limitation provisions: o General loss limitations and ringfencing o Anti-avoidance measures for value-shifting arrangements and dividend stripping o Adjustments to be made to proceeds with certain disposals o Attribution rules for donations and trusts

All taxpayers (individuals, trusts or companies) with capital assets, as well as the tax or other professionals managing their tax affairs.