Capital Gains Tax Advanced Course

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

About the presenter:

Daniel van Tonder

Daniel van Tonder is the Head of Taxation at FinSolve Accounting and Taxation – situated in Durbanville Cape Town.
He completed his B- Compt degree in Financial Accounting while still busy with his articles at Diemont, Zimmerman & Bolink Auditors in Polokwane.

After his articles, he entered the private sector to gain valuable experience as a Group Finance Manager and Group Internal Tax Practitioner.

He is currently busy with his postgraduate diploma in taxation through Unisa.
Daniel is a registered tax practitioner and a proud member of the South African Institute of Taxation.