Tax Happy Hour 4 – 2024

Whilst this Tax Happy hour discussion will contain certain technical content, the discussion will primarily focus on Finance and Business Services – Asset finance. May 2024

Date:

2 December, 2024

Time:

Available from 08:00

Hours:

1 hour

CPD Units:

Category:

Taxation

Group:

Channel 0: Foundation, Channel 1: Compliance

Format:

Webinar

Product Information

In this session we will deal with Finance and Business Services – Asset Finance.

Assets may be financed in a variety of means including but not limited to the following:

Term loans
Operating leases
Finance leases
Instalment sale agreement
Sale and Leaseback arrangements

The financing of assets may result in a disconnect between the accounting and tax treatment of assets, rental payments and interest recognition for example where finance leases are capitalised or IFRS 16 is applicable.

The correct income tax and VAT treatment is complex for both the borrower/lessee and the financier/lessor.

In the May 2024 Tax Happy Hour we will explore the Income Tax and VAT tax pitfalls and opportunities arising from asset finance deals. We will also consider the correct deferred tax treatment of adjustments relating to asset finance deals.

Please join us for this highly informative and practical session.

What will set you apart

By attending this webinar you will gain the following competencies:

Term loans
Operating leases
Finance leases
Instalment sale agreement
Sale and Leaseback arrangements

Event breakdown

Sections 11(a), 11(e), 12C, 24J, 23A and 23G of the Income Tax Act.
Sections 11G, 8F, 8FA, 23M, 23N, 24O of the Income Tax Act
IFRS 16
Definition of Instalment credit agreement in S1 of the VAT Act

Certificate

The following event is awarded 1 CPD unit in Taxation

Presenter/s

Johan Heydenrych

Johan Heydenrych is a taxation specialist since 1991, Johan is known for his expertise in complex tax advisory and compliance, currently serving as a partner at Kreston SA.