Recent Developments in Capital Gains Tax

Overview

Capital gains tax (CGT) has become a staple of our tax environment. Every taxpayer must deal with CGT issues, and everyone has an interpretation on it. Have you kept up to date? Do you know what has changed in the CGT space in the last few years?

Webinar content

This webinar aims to discuss the legislative changes that have happened in the last few years, as well as the various relevant tax cases that have come before the courts. These cases deal with a variety of different interpretation issues, including the following:

• Timing of disposals:

  • When does a disposal take place?

  • When can adjustments be made and how should these adjustments be made?

• Trust distributions:

  • What are the interpretation issues in paragraph 80 of the Eighth Schedule?

• Unquantified proceeds:

  • What is the correct treatment of unquantified proceeds?

  • How will a taxpayer’s CGT obligation be impacted when unquantified proceeds are present in a transaction?

• Deemed disposals when a taxpayer’s residence status changes:

  • What is the treatment for individual taxpayers?

  • What is the treatment for corporate taxpayers?

Who should attend?

Tax practitioners, tax managers and financial managers.

Presenter

Carmen Westermeyer

BCom(Honours Accounting) [UND] CA(SA)
 
Carmen Westermeyer graduated in 2001 from the University of Natal, Durban (now UKZN), with a BCom Honours degree in Accounting and completed her articles with PwC in 2004. She has been a member of SAICA since then.

Carmen stayed with PwC for a year as Assistant Manager, venturing into the world of commerce in 2006. In 2008, she was appointed as a lecturer at UKZN and coordinated the Taxation 300 course until December 2010. From 1 January 2010, Carmen took over the role of Academic Leader for the Taxation Department, as well as the coordination of the Postgraduate Taxation Programme. During her time as Academic Leader she had numerous opportunities to liase with SAICA on issues relating to the ITC, as well as being a member of the Tax Committee.

In December 2012 she started running ad hoc training courses for members of the profession. From December 2013, she moved into commercial training and consulting on a full-time basis. She has been involved in various training activities, such as the SAICA SMP training in 2014 and the FASSET Budget and Tax Update in 2015 and 2016.

CPD

This event and successful completion of the online assessment will secure 2 hours verifiable output Tax CPD points..

Event Investment

100% discount for all 2021 CPD subscribers.

Other member: R495.00

Company price (five attendees maximum): R950.00

Payments and 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 the Tax Faculty'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.