"It is always heart-warming to hear about the gift of the givers, and while donations might be tax-deductible in some instances, it may also attract donations tax to be settled with SARS.
It is important that both parties to these transactions are aware of their position and responsibility when it comes to the tax consequences thereof."
"• What constitutes a donation (including deemed donations) and what is exempt from donations tax
• Valuation of donations for various kinds of property
• Income tax provisions for donations
• Tax effects of donations with trusts, spouses and other related transactions
• Administrative provisions of the relevant returns"
All taxpayers, tax professionals, accountants and auditors that may encounter these transactions would benefit from this course.
