Explore the evolving relevance of trusts in South Africa by delving into recent legislative changes; their impact on asset management and the taxation consequences. This course offers a comprehensive examination of trust types, key players, management, trustee responsibilities, taxation of trusts and its associated parties, and effective financial planning strategies.
Gain the expertise needed to adeptly navigate trust complexities, safeguard assets, and ensure legal and tax compliance in the contemporary financial environment..
Mode of delivery
This Short Course will be presented on The Tax Faculty’s online learning Campus. Refresh your foundational knowledge anytime from anywhere!
Duration and effort
This Short Course will be available to learners to complete at their own time and pace.
Video hours: 2 hours
Approx Reading hours: 20 hours
Recommend Length to complete: 6 weeks
What you will learn in this course
The following modules will be covered:
Trusts Law Principles.
Trusts Income and Gain Allocation.
Nature of Rights of the beneficiaries.
Attributions of Income to the donor.
Loans to a Trust.
Capital Gains Tax and other Tax implications.
Explain how trusts are created, the different type of trusts and the four key players (trust, grantor/creator, beneficiary and trustees).
Calculate the income tax liability (including capital gains tax) of a trust itself and its associated parties – founder/donor, trust, trustee(s) and beneficiaries.
Explain the tax consequences of a donation, settlement or other disposition in relation to the donor, trust and beneficiaries.
Determine the donations tax impact of interest-free or low interest rate loans in terms of section 7C of the Income Tax Act.
Evaluate the tax treatment of disposals of capital assets to/by a trust.
Complete the relevant sections of an ITR12T return in relation to all aspects of a trust.
This is a short learning programme (SLP) and learners will require digital and numeracy literacy. And a Laptop/PC with high-speed internet access.
This course is for:
Legal professionals and attorneys.
Financial advisors and planners.
Trust administrators and officers.
Anyone interested in trust management and compliance.
This course is presented as a short learning programme (SLP) by The Tax Faculty (TTF). TTF is recognised as a continuous professional development (CPD) provider by controlling bodies accredited in terms of the Tax Administration Act, 2011 (Act No 28 of 2011), and holds accreditation with the Quality Council for Trades and Occupations (QCTO) as a skills development partner (SDP) under the Skills Development Act, 1998 (Act No 97 of 1998).
Assessment and award of certificate
A number of self-assessments are included in the course. Learners are assessed via a final integrated assessment. Successful learners will receive a Short Learning Programme (SLP) certificate of competence issued by The Tax Faculty. In addition, this just-in-time learning programme also qualifies for 5 verifiable Tax CPD hours.
Once off immediate payment to gain access to the course in total of: R2 950.00.
*No flexibible payment plans available on this course.
Payments and cancellations
All required minimum payments must be made by direct EFT or by credit card before the commencement of a course. The once-off payment is required to be paid in order to gain access to start the course.
Kindly note that should payment terms not be adhered to; legal action will be taken and access to the online learning platform suspended.
Proof of payment will be requested before access to the online platform will be communicated, should your payment not reflect on The Tax Faculty’s bank account.
Only written notice of cancellation will be accepted.
For all self-paced short courses the following will apply:
All payments by means of an electronic transaction shall be subject to section 44 (cooling-off period) of the Electronic Communications and Transactions Act No 25 of 2002, as amended. As such, clients shall be entitled to cancel this agreement without reason or penalty within 7 (seven) days after the date of the Self-Paced Short Course booking.
If the cooling-off period under clause 8.1 does not apply, and a person is a consumer protected by the Consumer Protection Act No 68 of 2008 and the person makes a booking as a result of direct marketing, then that person shall be entitled (under section 16 (consumer's right to cooling-off period after direct marketing) of the Consumer Protection Act) to cancel this agreement within 5 (five) business days after the date of the booking by writing and submitting a detailed explanation, with full contact details to email@example.com.
Students who register for a course and fail to participate in the course within 12 months will be held liable for the full course fee.
Students who have failed to successfully complete the course, and wishing to repeat will be charged the full course fee to repeat.
The Tax Faculty’s liability in the case of a course being cancelled will be limited to a refund of the course fee.
This course leads into the Professional Certificate in the Administration of Estates and Trusts, where learners focus on the practical and advisory component of estate planning and trust administration.