Build a comprehensive understanding of Capital Gains Tax (CGT), from foundational principles to advanced applications involving individuals, companies and deceased estates.

This self-paced package provides practical guidance on identifying CGT events, calculating capital gains and losses, determining proceeds and base costs, applying exclusions and understanding deemed disposals. It also explores the specialised CGT consequences associated with company transactions, share and business sales, primary residences, pre-valuation date assets and the administration of deceased estates.

Suitable for accounting professionals, tax practitioners, bookkeepers and anyone looking to develop greater confidence in applying South African CGT legislation.

The following self-study courses are included:

CAPITAL GAINS TAX

• 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

CAPITAL GAINS TAX BEGINNERS

• Income tax framework
• Capital gains tax structure
  • Net capital gain or losses
  • Annual exclusion
  • Assessed Capital losses
  • Aggregate capital gain / (loss)
• Calculating capital gains on disposal of as asset:
  • Proceeds
  • Base cost
  • Base cost before 01-10-2001
  • Base cost after 01-10-2001
  • Base costs paragraph 26 & 27
• Specific exclusions
  • Primary residence
• Exclusions and limitations of losses
• Rollover of a capital gain

CAPITAL GAINS TAX ADVANCED

• Income tax framework
• Capital gains tax structure
• Capital vs. revenue
• The eight schedule
• Taxable capital gains and assessed losses
• Disposal and acquisition of assets
• Limitation of losses
• Base cost
• Proceeds
• Primary residence exclusion
• Impact of CGT on the income tax calculation

CAPITAL GAINS TAX COMPANIES

• Income Tax Framework – Companies
• Capital Gains Tax Structure – Companies
• Definition of an asset for Capital Gains Tax purposes
• Capital Gains Tax implications – On disposal of an asset
• Capital Gains Tax implications – On a deemed disposal
• Base Cost
• Proceeds
• Capital Gains Tax consequences – On the sale of share
• Capital Gains Tax consequences – On the sale of a business

DECEASED ESTATES: CAPITAL GAINS TAX

• Bequeathing assets to your spouse vs other heirs
• Rebates and annual exclusions available in the year of death
• Tax Treatment of Capital Gains in Late Estates
• Documents required for Capital Gains Tax Purposes
• Deemed disposal of Assets for CGT purposes
• Capital Gains Tax vs Estate Duty

All Included:

• Video presented courses
• Downloadable course material
• Certificate of training
• Assessments (optional)
• SAIT Accredited (Verifiable CPD Hours)