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.
Web Based (Online)
Corlia Victor
0118861395
gillian@probetatraining.co.za
Loan accounts are highly common in the trust and company environment, with beneficiaries, shareholders and directors alike often being involved. It is imperative to understand the tax implications of such loan accounts where no interest or repayment is charged, or in the event that it is waived altogether. Does this result in donations tax? Dividends tax? Capital Gains Tax? Or perhaps no tax at all?
Join us for an informative session where we aim to answer these questions.
This session will cover the tax implications of the following:
- Loans to and from companies with shareholders (including directors who are also shareholders)
- Loans to and from companies with directors (other than shareholders)
- Loans to and from trusts with beneficiaries, including the application of Section 7C
- Loans to and from trusts with founders or trustees
- These discussions will focus on the implications where low or no interest is charged, as well as when the loans are written off or reduced
All taxpayers, practitioners and accounting professionals seeking guidance or more information on these matters are welcome.
