This course is designed for delegates that need an overview of Capital Gains Tax. It is not intended to be a comprehensive session but aims to explain the basic principles of CGT while highlighting some of the complexities. No prior knowledge is required for this course.
1. After attending this course, delegates will have gained an understanding of the competencies mentioned below and must be able to apply the concepts and techniques in all situations and environments:
a. To which transactions does the Eighth Schedule apply?
b. What are proceeds?
c. What is Base Cost?
d. An understanding of exclusions, roll over relief and loss limitations
a. How does CGT fit into the Income Tax model
b. What is a CGT event and when does it occur?
c. Determining Base Cost
d. Determining Proceeds
e. Exclusions
f. Loss Limitations vs roll over relief
g. Problem areas
Any person who is looking to gain an understanding of Capital Gains Tax would benefit from this course. It would also benefit anyone who is responsible for the tax affairs of an entity to gain an awareness of the areas they may need specialist advice in. Any delegate that is looking to get a refresher on the above topics would also be welcome.
