Tax Happy Hour 4: Finance and Business Services - Asset Finance

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

1 CPD unit December 2, 2024 1 presenter

What will set you apart

By completing this course 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

Category: TaxationType: CPD CourseCPD category: Taxation

Description

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.

Presenters

Johan Heydenrych — Johan

You will earn a certificate

On successful completion you will receive a certificate for 1 CPD unit in Taxation.

Requirements

Laptop, desktop, or mobile device with internet access
Microsoft Edge, Google Chrome, Safari, or Firefox browser