"The write-off of debts has become more common than what creditors would prefer, as the economy and circumstances often do not allow for any other option.
Before considering whether to follow through on such an arrangement, one must first confirm the possible tax effects of this debt waiver, which might not be as beneficial as the write-off itself.
This course aims to equip you with the knowledge to make an informed decision going forward."
"• What constitutes a debt benefit, concession and compromise
• What is excluded from the debt waiver provisions
• Income tax and CGT implications of debt waivers for both the debtor and creditor
• VAT and donations tax implications of debt waivers
• Interest and structure of financing arrangements
• Administrative and the tax return"
All taxpayers, tax professionals, accountants and auditors that may encounter these transactions would benefit from this course.
