Overview

Individuals submitting their 2025 tax returns can expect increased verification queries from SARS, particularly as the revenue authority expands its use of third-party data—most notably via the newly introduced IT3(t) form. To avoid potential audits, taxpayers must understand the legislative references embedded in the return and the documentation required to discharge the burden of proof for the information disclosed.

This session will not cover the mechanics of filing the ITR12. Instead, the focus is on unpacking the content of the return—what specific questions mean, why SARS is asking them, and how taxpayers can respond appropriately and compliantly.

Webinar Content

Join us as we explore key SARS focus areas in the 2025 ITR12, including:

• Double Tax Agreements and annuity income received by non-resident annuitants
• Endowment and sinking fund withdrawals
• Foreign collective investment schemes
• Primary residence exclusion adjustments due to home office use or rental
• Trust distributions, including:
  • Changes for non-resident beneficiaries and double taxation
  • CGT consequences on disposal of trust assets
  • The full impact of section 7 attribution rules
  • Qualifying expenses
• Cessation of residence, including:
  • Impact on the primary residence exclusion
  • Capital Gains Tax disclosure
• Employment income and extended application of section 10(1)(o)
• Foreign income, with a focus on:
  • Updated average exchange rates
  • Rebate for foreign taxes paid
  • Taxation and disclosure of offshore endowments
• Disposal of offshore assets and foreign income disclosure, including:
  • Conversion of proceeds and base cost into rands—what rates to use?
• Crypto assets and compliance risks

Competencies Developed

• Ability to interpret and apply SARS’s verification focus areas for the 2025 ITR12, including implications of third-party data reporting.
• Improved understanding of legislative requirements for various income types and deductions, and the burden of proof in substantiating disclosures.
• Competency in identifying and managing tax risks related to:
  • Trust distributions and section 7 attribution rules
  • Double taxation and the application of DTAs
  • CGT implications of residence cessation and asset disposals
  • Disclosure and taxation of foreign income, endowments, and crypto assets
• Ability to assess complex tax treatment scenarios, such as annuity income for non-residents, endowment withdrawals, and adjustments to the primary residence exclusion.
• Enhanced skills in advising clients on documentation, exchange rate application, and updated SARS compliance expectations.

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 workshop-webinar and the successful completion of the online assessment will secure a certificate of completion for 4 hours of Tax CPD.

Event investment 

Dedicated Workshop-Webinar Presented over 2 Dates - 21 July 2025 (part 1) and 22 July 2025 (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.