Debt concessions and compromises: The tax knock-on effect of a debt benefit

Firm/Group/Company - R1995.25 (VAT Incl.) Individuals - R661.25 (VAT Incl.)
Firm/Group/Company - R1495.00 (VAT Incl.) Individuals - R494.50 (VAT Incl.)
Attending the course and successfully completing the post-assessment, will grant you 2.5 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.
Web Based (Online)
Corlia Faurie
0118861395
gillian@probetatraining.co.za

"In recent times, debt concessions and compromises have become more prevalent, and have caught the eye of many a debtor seeking to restructure their debt. It has however also caught the eye of the revenue authorities, as there remain taxpayers seeking to use such agreements to potentially reduce the tax consequences they would otherwise have to face.

Before entering into any concession, compromise or debt write-off, it is crucial that all the parties consider the tax implications that sprout from these arrangements.

Join us for an informative session on the various tax effects of debt benefits for both the debtor and the creditor."

"- What constitutes a debt benefit, concession and compromise
- What does not constitute a debt benefit
- How a debt benefit is valued
- Income tax and CGT implications for both the debtor and creditor
- The possible VAT and donations tax implications
- The impact of interest and the structure of financing arrangements
- Administrative and the tax return
- This session will not be an eFiling practical session"

All taxpayers, tax professionals, accountants and auditors seeking more information on this topic.