As a tax professional, learners are immediately confronted with large volumes of detailed tax theory, and struggle to understand how the theory fits into the end goal of preparing tax computations.

This course has been designed to develop a foundation of simple application upon which the complexities of taxation can be built at a later stage. The approach is practical rather than theoretical.

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 Points