Capital Gains Tax 2020

Capital Gains Tax (CGT) has a fundamental and direct impact on all areas of financial planning.  The impact of CGT can change a good investment into a bad one.  Disregarding CGT will result in objectives not being achieved.  A simple thing like running a business from one’s primary residence (like so many people do these days), can result in the primary residence becoming subject to CGT even if its value is below R 2 000 000.

What may seem like a simple and easy decision, may trigger a disposal for Capital Gains Tax Purposes.  A spouse donating assets or an investment to the other spouse, can still be held liable for CGT on such asset or investment.  How many times do you get the question “Should I rather invest the money in my spouse’s name?”.

Planning for business succession is another area where Capital Gains Tax must be considered.  Selling a business will trigger CGT and its impact must always be determined and planned for.

Enough with the doom and gloom!

What you should really see from the above, are loads of opportunities.

Capital Gains Tax presents the opportunity to increase your business significantly.  Not only will you increase your business, but you will enhance the trust clients put in you.  Our role as financial planners and advisers is to help our clients make better financial decisions.  Underlying great financial decisions, is great and relevant information.  This means that it is up to you to foresee what the circumstances may be down the road, highlight risks and the impact of taxes (such as CGT).  You must be able to quantify and demonstrate any impact in a way that the client will understand.

What to expect

We study Capital Gains Tax and how it pertains to:

  • Individuals;
  • Businesses;
  • Trusts;
  • Deceased Estates;

We also study:

  • Pitfalls and Opportunities of Capital Gains Tax.

Refer to the course outline below for a detailed outline of the course

Pre-requisites

  • Good understanding of Income Tax;
  • Basic knowledge of CGT for Individuals;
  • Eagerness to learn.

Who must enroll in the course

  • Financial Planners & Advisers;
  • Tax Practitioners, Consultants and their support staff;
  • Broker Consultants who want to provide enhanced value to their panel;
  • Paraplanners;
  • Sales and Branch Managers;
  • Franchise Principals;
  • Key Individuals;
  • Support staff that helps with the Financial Planning process;
  • Students studying an NQF5, 6 or 8 qualification in Wealth Management / Financial Planning.

Difficulty Level

The course starts off with the basics and it builds from there to a more advanced level.

The course is rated as Beginner / Intermediate, because whether you are a complete newby or you have a good understanding of the basics already, you will reap great benefits from this course.  We go into detail and therefore this is not an introductory course.  It is a more advanced course that includes the introductory elements.

CPD Points

  • Earn 3.5 CPD points for event participation (knowledge) when you successfully complete the course.
  • Earn 1 CPD points for completing all the recap challenges.
  • Total CPD points on successful completion:  4.5
  • Approval number: FPI20020118

Not sure yet if the course is for you?

  • Take the free lessons provided
  • Look for the green “FREE” icon in the lesson description below
  • Click on the lesson and enjoy!
  • No need to enroll
  • No need to register
  • Still not sure?  Please contact us to discuss your concerns
  • Also, check out our Frequently Asked Questions where we answer questions we receive most often

Course Information

Estimated Time: 5.5 hours

Difficulty: Intermediate

Course Instructor

Francois du Toit, CFP® Francois du Toit, CFP® Author

Francois du Toit, CFP® holds a B. Com degree in Risk Management as well as the Post-Graduate Diploma in Financial Planning. He is an avid miniature figure painter with a passion for helping others succeed and for professionalising the Financial Services Industry. He holds the certification of CERTIFIED FINANCIAL PLANNER® or CFP® in good standing with the Financial Planning Institute of Southern Africa as well as being a registered Tax Practitioner with them and SARS. Francois offers a unique and powerful proposition to businesses employing Financial Advisers and Broker Consultants that leads to significant improvement in production and reduced advice risk. His practical experience, success, technical knowledge and understanding the challenges and opportunities in this field, ensure immediate practical application in the target market. Francois has designed and created very successful online courses for the Financial Planning Institute and has trained hundreds of financial planners, advisers and other trainers for among others Old Mutual, PPS, Liberty, Iress and atWork. His ability to answer questions that relate to practical on-the-ground issues is what sets him apart from traditional trainers who may not have been in practice.

Capital Gains Tax Course

R895.00

Introduction

Determining the Base Cost

Multiple Disposals, Base Cost for Investments and Exclusions

Exclusions continued, Rollovers and Deceased Estates 

Other Entities