Trust Update (360)
Presenters : Carmen Westermeyer CA(SA) , Caryn Maitland CA(SA)
Overview
This Trusts Update 2024 webinar offers the latest insights into legislative and tax changes affecting trusts. With a focus on practical implications, attendees will learn about new tax amendments, trust registration processes, and the impact of capital gains tax rulings. This session is tailored to provide legal practitioners, tax advisors, and trustees with essential updates on compliance and trust administration.
Learning Objectives
Attending this webinar will equip you with the following skills:
- Understanding the new amendments to the Income Tax Act, particularly s25B and how it affects trusts.
- Navigating third-party data submissions and understanding submission deadlines for trusts.
- Comprehending the implications of capital gains tax for beneficiaries and trustees.
- Identifying key administrative considerations for trust registration and annual returns.
- Applying recent court rulings, such as CSARS v The Thistle Trust, to trust administration and compliance.
Content
The webinar will cover the following topics:
- Tax Amendments and Legislative Updates
o Changes to the Income Tax Act (s25B) and their implications for trust beneficiaries.
o Taxation Laws Amendment and Administration Laws Amendment updates. - Third-Party Data Submissions
o New deadlines and compliance requirements for trust submissions to SARS. - Capital Gains Tax and Beneficiaries
o Impact of capital gains tax changes on trust distributions.
o Recent court rulings and their implications for trustees. - Trust Registration and Administration
o Processes for registering trusts on eFiling and managing compliance with SARS.
