There are significant and complex tax effects on the waiver of debt and in the current economic climate, this is happening on a more regular basis. Debt waivers also arise in corporate reorganisations. Also related to debt, the debtors allowance in s 11(j) has been substantially amended. This webinar will explain the new debtors provision and the tax effects of debt waivers in clear, a understandable way and supported with practical examples.
Participants will know the new debtors allowance and the tax effects related to debt and debt waivers.
Tax advisors, taxpayers, accountants, trustees, business owners and managers, bookkeepers and anyone else who deals tax matters.
