Corporate Restructuring: Asset for share transactions: swapping out on taxes
|CPD Hours:||Attendance at this seminar will secure 2 hour/s verifiable CPD points including other professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc)|
T: 011 886 1395
As one of the many consequences and factors to consider for any corporate restructuring transaction, tax implications almost stand first in line – as it may also often be one of the main reasons for said restructuring. This course is the first in our two-part series that aims to explore the tax working of these transactions.
This session will cover the following: • Brief overview of the underlying concepts to consider in corporate restructuring: o Section 41 definitions o Contributed tax capital • Coverage of the main provisions from tax legislation dealing with asset for share transactions (types of transactions, requirements to qualify for certain tax relief): o Section 42 – Asset for share transactions o Section 43 – Substitutive asset for share transactions o Section 24BA and 40C – Anti-avoidance provisions • Practical issues with corporate restructuring
All entities and tax practitioners that are engaged in corporate restructuring transactions, as well as auditors, might benefit from this course.