Capital Gains Tax (CGT) can be challenging without a clear understanding of its underlying framework. This course simplifies the essential principles of CGT for individuals and companies, providing practical guidance on assets, disposals, proceeds and base-cost calculations.

Participants will also explore deemed disposals and acquisitions, pre-October 2001 assets, valuation methods, CGT exclusions, loss-limitation rules and rollover relief between spouses. Ideal for tax and accounting professionals seeking a strong foundation for calculating and applying CGT accurately and confidently.

Topics Discussed:

• Basic framework: individuals and companies
• Asset
• Disposal
• Proceeds
  • Proceeds from disposal – paragraph 35
  • Reduction of proceeds
  • Donations and sales at less than market value – paragraph 38
• Base Cost
  • Base Cost – paragraph 20
  • Amounts reducing the base cost of an asset
  • Assets acquired before October 2001
  • Determination of valuation date value
  • Time-apportionment base cost
  • The basic TAB formula
  • The adjustment TAB formula
  • Selling expenses and the TAB formula
• Deemed disposals and deemed acquisitions
  • Events treated as acquisitions and disposals
  • Acquisition & Disposal – commencing or ceasing to be a resident
  • Acquisition & Disposal – South African permanent establishment
  • Disposal & Acquisition – capital asset becomes trading stock
  • Acquisition – trading stock ceasing to be trading stock
  • Disposal & Acquisition – personal-use assets
• Exclusions from CGT
  • Primary residence exclusion
  • Personal-use assets
  • Disposal of micro business assets
  • Gambling, games and competitions
  • Donations and bequests to public benefit organisations and exempt persons
• Loss limitation rules
• Rollover relief – transfer between spouses

All Included:

• Video presented course
• Downloadable course material
• Certificate of training
• Assessment (optional)
• SAIT Accredited (2 Verifiable CPD hours)