This focused webinar demystifies Donations Tax in South Africa and equips professionals who advise high-net-worth individuals with practical knowledge to structure tax-efficient wealth transfers. Learn when Donations Tax applies, how exemptions work, and how to avoid costly non-compliance or anti-avoidance traps when assisting clients with estate planning, wealth preservation, and intergenerational transfers.
This course provides a practical overview of the mechanics of Donations Tax in terms of the Income Tax Act. We unpack the definition of a donation, distinguish between deemed and actual donations, and explore the calculation and valuation rules that apply to different asset types. The session also explains exemptions, spousal relief, section 56 thresholds, administrative obligations, timelines for submission, and penalties for non-compliance. Real-life examples highlight SARS anti-avoidance provisions and how Donations Tax interacts with Estate Duty during wealth transfer and estate planning.
Key Topics Covered:
• Meaning of a "donation" in tax law
• Deemed vs. actual donations
• Donations Tax rate and calculation
• Valuation rules for assets and property
• Exemptions and annual allowances
• Connected persons and anti-avoidance rules
• Donations between spouses and trusts
• SARS administration and tax compliance
• Interaction between Donations Tax and Estate Duty
• Auditors
• Accountants
• Tax practitioners and financial planners
• Wealth managers and private client advisors
• Attorneys specialising in trusts and estates
• Estate administrators and fiduciary practitioners
• Trustees and founders of family trusts
• Business owners planning intergenerational succession
