Tax Happy Hour 5 – 2024

Whilst this Tax Happy hour discussion will contain certain technical content, the discussion will primarily focus on tax in Agriculture – June 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 South African Income Tax and VAT Legislation provides beneficial treatment to the bona fide farmer including nursery operators. SARS published a Guide on the taxation of farming operations on 13 October 2023 to provide more clarity regarding the complex rules applicable to the farmer.

In the June Tax Happy Hour, we will discuss the Income Tax and VAT tax legislation affecting the full time and part-time farmer. The discussion will inter alia include the following:

Income Tax and Capital Gains Tax
- Ringfencing rules on livestock
- Special rules regarding trading stock and growing crops
- Capital expenditures – farming vs non-farming
- Sale of farms and residential accommodation
- Research and Development
VAT
- Zero rating of certain goods – purchases and sales
- Denial of expenditures relating to housing
- Zero Rating of sales in terms of Land Deals
- VAT treatment of Hunting and accommodation income.
PAYE
- Empowerment transactions for employees
- Fringe benefit tax including but not limited to housing, transport, bursaries.

Please join us for this very interesting subject.

What will set you apart

By attending this webinar you will gain the following competencies:

Income Tax and Capital Gains Tax
- Ringfencing rules on livestock
- Special rules regarding trading stock and growing crops
- Capital expenditures – farming vs non-farming
- Sale of farms and residential accommodation
- Research and Development
VAT
- Zero rating of certain goods – purchases and sales
- Denial of expenditures relating to housing
- Zero Rating of sales in terms of Land Deals
- VAT treatment of Hunting and accommodation income.
PAYE
- Empowerment transactions for employees
- Fringe benefit tax including but not limited to housing, transport, bursaries.

Event breakdown

Income Tax and Capital Gains Tax
VAT
PAYE

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.