New Your professional growth, all in one place — explore the catalogue →
CIBA
Log in

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 2 December 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: Tax

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 Heydenrych — Johan Heydenrych is a Chartered Accountant and tax specialist with more than 30 years of experience in taxation. He was a Tax Partner at KPMG from 1997 to 2020 and is currently a Partner in the Kreston SA network. Johan holds an MCom in Taxation (Cum Laude) and advises clients across a wide range of industries on tax governance, compliance, disputes, technical tax matters, restructurings, mergers and acquisitions.

You will earn a certificate

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

Requirements

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