2020: Venture Capital Companies – To Invest or Not to Invest?


Date: Nov 30, 2020 - Nov 30, 2020

CPD hours: 1 Hours

Time: 15:00 - 16:00

Event Type: Webinar

Presenter: TBA

Section 12J of the Income Tax Act, albeit a very short section, is quite complicated when unpacking its working. To date, taxpayers have invested R10 billion into section 12J companies and it has proved to be a very popular investment vehicle.

Overview

Section 12J of the Income Tax Act, albeit a very short section, is quite complicated when unpacking its working. To date, taxpayers have invested R10 billion into section 12J companies and it has proved to be a very popular investment vehicle. So, the question is: How does section 12J actually work and what does one have to know before embarking on the journey of investing in these vehicles?

Course Content

The aim of this session is to provide clarity on the following questions:

  • What are the requirements and rules with respect to section 12J companies?
  • What are the different types of section 12J companies that taxpayers can invest in?
  • What are the risks of investing into section 12J companies?
  • What are the implications of the June 21 sunset clause?
  • Are there any exit taxes to note?

After attending this webinar, delegates will have gained an understanding of the following competencies:

  • Understanding the tax requirements with respect to section 12J companies.
  • Understanding the different types of section 12J companies in the market, as well as the advantages and disadvantages of each.
  • Understanding the nuances to investing in a section 12J company.

Presenter

Jeff Miller
Co-founder and CEO, Grovest

Jeff holds directorships on the boards of various companies in which he holds private equity investments. Jeff serves a Director on the Boards of the MSL Qualifying Companies.

Jeff is a chartered accountant having completed his articles at Grant Thornton and has over 30 years’ experience investing in unlisted companies across numerous industries. Jeff co-founded Brandcorp, which was listed on the Johannesburg Stock Exchange in 1997.

Jeff brings many years of operational and investment skills to the company. He was a co-founder of Grovest and Seed Engine and several companies in the Grovest Group including MeTTa Capital Moderate Risk Funds I, II and III. Jeff is a pioneer of Section 12J Venture Capital Companies in South Africa and is an active member of various sub-committees of SAVCA and Simodisa, both of which focus their efforts on the South African Venture Capital industry. Jeff serves on the Board of the 12J Association of South Africa. Jeff is also an active member of the Young Presidents Organisation.


CPD

This event and successful completion of the online assessment will secure 1 hours verifiable output Tax CPD points.


Event Pricing

100% Discount for 2020 General Tax Practitioners and Tax Accountants CPD subscribers. Not a CPD subscriber yet? Click here to register now

Other members: R475.00
Company price: R950.00


Payments & Cancellations

  • All payments must be made by EFT or by credit card, at least 3 working days before commencement of an event.

  • Kindly note that should payment not been received 2 days after the event, legal action will be taken

  • Proof of payment will be requested at registration, if payment at that point in time has not been reflected on SAIT's bank account.

  • Only written notice of cancellation will be recognised.

  • Cancellation Conditions:

    • If the cancellation occurs more than 4 working days prior to the event no cancellation fee will be charged.

    • If the cancellation occurs less than 4 working days prior to the event a 100% cancellation fee will apply.

  • Delegates who book and fail to attend will be liable for the full event fee.

  • SAIT's liability in the case of an event being cancelled will be limited to a refund or credit of the event fee.

  • Please click here for the full terms and conditions.

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