Overview

Individuals submitting their 2024 tax returns will face increased verification queries from SARS as SARS accesses third-party data, especially concerning the new IT3(t) form. To avoid an audit from SARS, a taxpayer must understand the legislation referred to in the tax return and what documentation is required to discharge the burden of proof placed on the taxpayer to substantiate information disclosed in their tax return.

In this session, we will not deal with the filing of the return but rather understanding the contents of the return, what various questions mean and why SARS is asking them.

Content

Please join us as we consider, inter alia, the following issues:

• Trust Distributions
  • Disclosure in IT3(t).
  • Understanding the full impact of the Section 7 attribution rules.
  • Amounts vested in beneficiaries.
  • Expenses set off against beneficiary distributions.
  • Disclosure in Trust return and correlating disclosure in Individual return.
• Solar rebate and 125% renewable energy incentive
  • Section 12BA incentive schemes.
  • Correct documentation and disclosure.
• Cessation of Residence
  • Effect on disclosure of contributions to retirement funds and tax-free investments.
  • Capital Gains tax disclosure.
• Employment
  • New wizard questions in respect of foreign employment services.
• Foreign Income
  • Updated average rates.
  • Rebate for foreign taxes paid.
  • Taxation and disclosure in respect of offshore endowments.
• Disposal of offshore assets and disclosure of foreign income
  • Conversion of proceeds and base cost into rands, which rates to use?
• Crypto Assets 
  • Are you trading?
  • Use of crypto losses

Competencies Developed

After this session, you will be:

• Updated with the current law and SARS practice impacting taxpayers during the 2024 filing season.
• Competent to advise clients on the compliance and documentary evidence requirements applicable to the 2024 filing season.
• Confident to train your staff about the current law and SARS practice applicable to the 2024 filing season.
• Informed about topics to include in a client communique to alert your clients about current law and practice impacting 2024 filing season obligations.

Dates and Venues

• Johannesburg: 14 August 2024 - 09:00 - 13:00

  • The Seven Villa Hotel & Spa,160 Helen Rd, Strathavon, Sandton, 2031
  • Click here to view the map.

• Pretoria: 15 August 2024 - 09:00 - 13:00 

  • The Capital Menlyn Maine, 194 Bancor Ave, Menlyn, Pretoria
  • Click here to view the map.

• Durban: 16 August 2024 2024 - 09:00 - 13:00

  • The Capital Pearls, 6 Lagoon Drive, Umhlanga Rocks, Durban
  • Click here to view the map.

• Somerset West: 19 August 2024 - 09:00 - 13:00 

  • Seven Sisters Vinyard, Welmoed Road, Off Annandale Road, Lynedoch, Stellenbosch
  • Click here to view the map.

Dedicated Webinar Presented over 2 Dates:

• 20 August 2024: Part 1 (Live) - 09:00 - 11:00
• 21 August 2024: Part 2 (Live) - 09:00 - 11:00

Presenter:

Diane Seccombe

BCom, LLB, LLM (Taxation)

Diane Seccombe is an admitted attorney with a master’s degree in taxation and has been involved in tax for well over ten years. Currently the National Head of Taxation with the Mazars Academy, Di provides tax training to Mazars partners, staff, and clients. She also consults on income tax matters including, corporate, individual, and international tax as well as VAT.

Di presents tax seminars on a national basis for, amongst others, Sanlam, ABSA, Old Mutual and various professional institutes. She started her tax career as a full-time academic with the University of KwaZulu-Natal before moving into practice. She has presented numerous tax seminars with enormous success to attendees ranging from JSE corporate advisers to smaller tax practitioners and is a popular lecturer amongst her students. Di’s primary focus in any presentation is that attendees find the material relevant and presented in an understandable and accessible manner.

CPD

Attending this seminar and the successful completion of the online assessment will secure a certificate of completion for 4 hours of Tax CPD.

Event investment 

Face-to-Face Workshop: Time: 09:00 - 13:00

• Tax Faculty Subscribers: R575.00*
• Regular price: R1 380.00*
• RCB member price: R1 160.00*
• SAIT member special discounted rate: R948.00*

* Printed notes are included in the price.

Dedicated Webinar Presented over 2 Dates - 20 August 2024 (part 1) and 21 August 2024 (part 2): Time: 09:00 - 11:00

100% discount for all 2024 Tax Faculty subscribers. Not a subscriber yet? Click here to register now.

• Tax Faculty Subscribers: Free
• Regular price: R595.00 (part 1 and 2)
• SAIT member special discounted rate: R475.00 (part 1 and 2)
• Group booking discounts available when you register for a group.

Payments and cancellations

• All payments must be made by EFT or by credit card, at least three working days before commencement of an event.
• Kindly note that should payment not be received two days after the event, legal action will be taken.
• Proof of payment will be requested upon registration if payment does not reflect on The Tax Faculty’s bank account.
• Only written notice of cancellation will be recognised.
• Conditions:
  • If the cancellation occurs more than four working days prior to the event, no cancellation fee will be charged.
  • If the cancellation occurs less than four 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.
• The Tax Faculty’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.