The taxation and accounting treatment of trusts require special considerations that every business accountant and tax practitioner need to be aware of. There are several common mistakes made in the operation of trusts that have been set up for estate planning purposes, to protect assets from creditors and for potential tax savings. The verification of trust tax returns by SARS is on the increase and therefore it is important for people to get their trusts in order.

TOPICS DISCUSSED:

• Trust Law 101
• The Income Tax Act and Trusts
• Trust administration, setting up a lawful Trust
• Roles, responsibilities of the trust founder & beneficiaries
• Terminating a Trust - what you need to know
• The deceased estate administration process
• Trusts and deceased estates – Accounting & Tax treatment

All Included:

• Video presented course
• Downloadable course material
• Certificate of training
• Optional assessment
• SAIT Accredited - 2 verifiable CPD points