Capital Gains Tax (CGT) Refresher – Revitalise Your Knowledge


Duration: 2 Hours

Price: R195.00

Video Type: Single

Presenter: Carmen Westermeyer
BCom (Honours Accounting) [UND] CA(SA)

Individuals Tax

Individuals Tax
...

Capital Gains Tax (CGT) Refresher – Revitalise Your Knowledge

Duration: 2 hours

Price: R195.00


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Title / Topic

Capital Gains Tax (CGT) Refresher – Revitalise Your Knowledge

Presenters : Carmen Westermeyer


Overview

As we know, capital gains tax is not a separate tax but forms part of income tax and is based on the profit earned from the sale of an asset which has increased in value over time. The basic calculation isn’t hard to forget but it’s easy to overlook the finer details of costs that should be included in base cost and disposal.

Are you aware of the number of changes to the principles of CGT have occurred over the years? This session is aimed at renewing your technical knowledge on the subject, as well as informing you of the correct practical procedures to follow when calculating CGT.


Video Content

  • What transactions and events are subject to CGT?
  • How is CGT calculated? Looking specifically at:
    • Definition of base cost
    •  Definition of proceeds
    • Exceptions to the rule
  • What special rules could apply? These fall into three categories:
    • Loss limitations
    • Roll over relief
    • Exclusions
  • Case law developments in CGT

Competencies Developed

Upon completion of this session, participants will develop the following competencies:

  • Understanding of CGT terminology.
  • Ability to interpret the scope of the Eighth Schedule.
  • Ability to calculate gains or losses.
  • Advanced knowledge of the relevant inclusions and exclusions when calculating the tax burden.
  • Awareness of tax liabilities.

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