Price:
R419.99 (VAT Incl.)
Level:
Tax professionals
Sub-level:
Income tax
Lecturer:
Biz Facility
Duration:
180 Minutes
Additionals:
R419.99 (VAT Incl.)
Level:
Tax professionals
Sub-level:
Income tax
Lecturer:
Biz Facility
Duration:
180 Minutes
Additionals:
CPD Assessment
Certificate
Certificate
Lesson Outline
Capital Gains Tax is a complex matter to understand. Capital gains tax (CGT) is not a separate tax but forms part of income tax. A capital gain arises when you dispose of an asset on or after 1 October 2001 for proceeds that exceed its base cost. The relevant legislation is contained in the Eighth Schedule to the Income Tax Act 58 of 1962. Please join us for this very insightful session, whereby we are going to unpack CGT on a more advanced level.
Topics Discussed:
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
Topics Discussed:
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