Corporate Tax
...

Overview of Income tax aspects of company formations and the corporate restructuring rules

CPD Hours: 3

Price: R264.60


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Overview of Income tax aspects of company formations and the corporate restructuring rules


This series of videos explores the tax aspects of company formations, considering the various tax provisions that should be considered. The series consists of 6 videos:

Introduction

Outlines some of the the general tax aspects when setting up a company and when selling a going concern to a company as well as an overview of the corporate rules set out in Part III of the Income Tax Act.

Part 1

Setting up a company: aspects of shareholder financing.

Selling a going concern to a company: general tax issues.

Asset for share transactions: explains the general tax rules that will apply in the absence of the corporate rules, including section 40CA; and then the application and effect of the section 42 rollover relief.

Part 2

This video explains the effect of applying the section 42 Roll-over relief, with an illustrative example.

Part 3

Further explores the effects of applying section 42, considering what happens when the assets are sold for a combination of shares and cash, as well as the clawback provisions in section 42.

Part 4

Looks at other considerations, in this case, the tax adjustments that must be made under section 24BA when there is a value mismatch.

Part 5

Other issues to consider, in this case the deductibility of interest on a loan raised to fund the acquisition of shares, and the circumstances in which section 24O might apply.

What's Included:

Company Formations Introduction

Outlines some of the the general tax aspects when setting up a company and when selling a going concern to a company as well as an overview of the corporate rules set out in Part III of the Income Tax Act.


0.5 Hours | R49.00
Prof. Jackie Arendse

Company Formations Part 1

Setting up a company: aspects of shareholder financing. Selling a going concern to a company: general tax issues. Asset for share transactions: explains the general tax rules that will apply in the absence of the corporate rules, including sect ion 40CA; and then the application and effect of the section 42 rollover relief.


0.5 Hours | R49.00
Prof. Jackie Arendse

Company Formations Part 2

This video explains the effect of applying the section 42 Roll-over relief, with an illustrative example.


0.5 Hours | R49.00
Prof. Jackie Arendse

Company Formations Part 3

Further explores the effects of applying section 42, considering what happens when the assets are sold for a combination of shares and cash, as well as the clawback provisions in section 42.


0.5 Hours | R49.00
Prof. Jackie Arendse

Company Formations Part 4

Looks at other considerations, in this case, the tax adjustments that must be made under section 24BA when there is a value mismatch.


0.5 Hours | R49.00
Prof. Jackie Arendse

Company Formations Part 5

Other issues to consider, in this case the deductibility of interest on a loan raised to fund the acquisition of shares, and the circumstances in which section 24O might apply.


0.5 Hours | R49.00
Prof. Jackie Arendse

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