Webinar Training Course

Debt waivers – the tax knock-on effect

Price: Firm/Group/Company - R1207.50 (VAT Incl.)
Individuals - R402.50 (VAT Incl.)
Price (MLU Subscriber): Firm/Group/Company - R905.05 (VAT Incl.)
Individuals - R301.30 (VAT Incl.)
SAIT Members: Access your member discount with us by consulting the member instructions here BEFORE making a booking Here. Should you be unsure as to whether you have updated your profile correctly, please contact us BEFORE making a booking. NO MANUAL DISCOUNTS OR CREDITS WILL BE ISSUED.
Presenter: Ms. Corlia Victor
Date: 19 May '22
Times: 09h00 - 10h30
Duration: 1.5
CPD Hours: Attending the course and successfully completing the post-assessment, will grant you 1.5 hour/s verifiable CPD, recognised by the various professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc). Please note that the CPD certificate will only be issued once the post-assessment has been completed.
Platform: Web Based (Online)
Contact Person: Corlia Faurie
T:  0118861395
E:  gillian@probetatraining.co.za
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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.

This session will cover the following: • What constitutes a debt benefit, concession and compromise • The tax implications of a debt waiver on the creditor and debtor • Tax implications from an income tax and capital gains tax perspective • The impact that interest on and structure of financing arrangements might have on debt waivers • The impact on donations taxes • Administrative provisions for the tax return

All taxpayers, tax professionals, accountants and auditors that may encounter these transactions would benefit from this course.