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)
Select
gillian@probetatraining.co.za
Times are extraordinarily tough for businesses at the moment, with many companies looking to restructure their debts and balance sheets. Businesses are needing help when evaluating what happens to the debt, both from an issuer and holder’s point of view.
The aim of this course is to provide an insight into the tax consequences of debt write offs. It is designed to help consultants provide advice to clients. This will focus on:
• Tax consequences when debts go bad
The primary focus is the income tax consequences to the issuer and will cover the following sections:
• 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
• A review of the administrative requirements of s19 and para 12A.
• Understand how the relationship between the holder and issuer can impact the tax consequences.
Investment managers
Financial managers
Auditors
Bookkeepers
Financial accountants
First year SAICA Trainees
Second year SAICA trainees
Third year SAICA trainees
Fourth year SAICA trainees
Audit managers
Audit partners
Ethics officers
