Farming and agriculture form the lifeblood of any economy and in South Africa is a major contributor to job creation and our gross domestic product. A beneficial set of tax rules applies to farming operations in order to assist this industry. This short course will provide learners with the foundational knowledge and application of these special rules, allowances and explore various tax intricacies, such as the treatment of game farming.
Mode of delivery
This Short Course will be presented on The Tax Faculty’s online learning Campus. Refresh your foundational knowledge anytime from anywhere!
Duration and effort
This Short Course will be available to learners to complete at their own time and pace.
- Video hours: 1.5 hours
- Approx Reading hours: 15 hours
- Recommend Length to complete: 2 to 4 weeks
What you will learn in this course
The following modules will be covered:
- Contextualising farming.
- Farming stock.
- Farming expenditure and allowances.
- Items affecting farming taxable income.
- Specific types of farming.
Outcomes:
- Apply all the special rules that pertain to farming income and the application thereof to livestock and trading stock.
- Understand the various impairment allowances associated with farming and the calculation thereof.
- Understand the treatment of game farming and the special tax problems applicable to it.
Pre- Requisites
- A foundational understanding of normal income tax and Capital gains Tax.
- Digital and numeracy literacy.
- A Laptop/PC with high-speed internet access.
This course is for:
- Tax consultants.
- Commercial Farmers.
- Game Farmers.
- Accountants in the farming industry.
Accreditation
Assessment and award of certificate
A number of self-assessments are included in the course. Learners are assessed via a final integrated assessment. Successful learners will receive a SLP certificate of competence issued by The Tax Faculty. In addition, this just-in-time learning programme also qualifies for 3 verifiable Tax CPD.
Course fee
Once-off payment
Once off immediate payment to gain access to the course in total of: R1 950.00.
*No flexibible payment plans available on this course.
Payments and cancellations
- All required minimum payments must be made by direct EFT or by credit card before the commencement of a course. The once-off payment is required to be paid in order to gain access to start the course.
- Kindly note that should payment terms not be adhered to; legal action will be taken and access to the online learning platform suspended.
- Proof of payment will be requested before access to the online platform will be communicated, should your payment not reflect on The Tax Faculty’s bank account.
- Only written notice of cancellation will be accepted.
Conditions
For all short learning programmes (SLPs) with a seven-month or less rollout period, the following will apply:
- If the cancellation is requested more than 10 working days prior to the course release date, no cancellation fee will be applicable.
- If the cancellation occurs less than 10 working days prior to the course release date, a 100% cancellation fee will be applicable.
- Students who register for a course and fail to attend will be held liable for the full course fee.
- The Tax Faculty’s liability in the case of a course being cancelled will be limited to a refund of the course fee.
- Students who have failed to successfully complete the course, and wishing to repeat will be charged the full course fee to repeat.
Why wait?
Reserve your spot today and take the first step toward mastering farming tax!
- Teacher: Illana Kretzschmar