"In recent times, debt concessions and compromises have become more prevalent, and have caught the eye of many a debtor seeking to restructure their debt. It has however also caught the eye of the revenue authorities, as there remain taxpayers seeking to use such agreements to potentially reduce the tax consequences they would otherwise have to face. Before entering into any concession, compromise or debt write-off, it is crucial that all the parties consider the tax implications that sprout from these arrangements. Join us for an informative session on the various tax effects of debt benefits for both the debtor and the creditor."