Resources On-Demand

1. Debt restructuring and corporate reorganisations - part 1

This webinar on demand is part of a series of webinars. Click here to read more

Overview

In this video, three senior tax professionals from Bowmans Gilfillan will anchor four interactive webinar sessions on the practical application of tax law relating to debt restructuring and corporate reorganisations. The sessions will also include an interactive debate on key themes emanating from conducting tax due diligences. They will share past experiences and knowledge, invite commercial specialists and will consider the tax and commercial impact of Covid-19, particularly as it relates to distressed companies. The videos aims to provide participants with a sense of the typical commercial drivers and the tax principles that play a role in these topics.      

• Delegates will have the opportunity to submit questions which will be addressed during the live Q&A section at the end of each session.
• Delegates will earn two hours verifiable CPD for each session.

1. Debt Restructuring

The session will start with a snapshot of the current debt restructuring landscape in South Africa and abroad.

Debt restructuring needs to be undertaken in an effective manner so as not to inadvertently trigger a tax liability that will add to a debtor’s financial woes. It can be difficult to manoeuvre the taxing provisions that potentially apply to a debtor. The presenters will consider how to best manage the debt benefit taxing provisions in different scenarios.

Equally important is the creditor’s position, in particular, its ability to claim an income tax deduction or capital loss.