Short Course in Trust Law and Practice

Empower yourself with the expertise to navigate the intricate world of trust law and practice. Our Short Course will equip you with the essential knowledge and practical skills to confidently manage trusts, protect assets, and ensure legal compliance in today's complex financial landscape. Designed for legal professionals, financial advisors, and trust administrators, this course provides a comprehensive understanding of trust structures, legal obligations, and practical applications.

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: 2 hours
  • Approx Reading hours: 20 hours
  • Recommend Length to complete: 6 weeks

What you will learn in this course

The following modules will be covered:

  1. Trusts Law Principles.
  2. Trusts Income and Gain Allocation.
  3. Nature of Rights of the beneficiaries.
  4. Attributions of Income to the donor.
  5. Loans to a Trust.
  6. Capital Gains Tax and other Tax implications.

Outcomes:

  • Explain how trusts are created, the different type of trusts and the four key players (trust, grantor/creator, beneficiary and trustees).
  • Calculate the income tax liability (including capital gains tax) of a trust itself and its associated parties – founder/donor, trust, trustee(s) and beneficiaries.
  • Explain the tax consequences of a donation, settlement or other disposition in relation to the donor, trust and beneficiaries.
  • Determine the donations tax impact of interest-free or low interest rate loans in terms of section 7C of the Income Tax Act.
  • Evaluate the tax treatment of disposals of capital assets to/by a trust.
  • Complete the relevant sections of an ITR12T return in relation to all aspects of a trust.

Admission requirements

This is a short learning programme (SLP) and learners will require digital and numeracy literacy. And a Laptop/PC with high-speed internet access.

This course is for:

  • Legal professionals and attorneys.
  • Financial advisors and planners.
  • Trust administrators and officers.
  • Anyone interested in trust management and compliance.

Accreditation

This course is presented as a short learning programme (SLP) by The Tax Faculty (TTF). TTF is recognised as a continuous professional development (CPD) provider by controlling bodies accredited in terms of the Tax Administration Act, 2011 (Act No 28 of 2011), and holds accreditation with the Quality Council for Trades and Occupations (QCTO) as a skills development partner (SDP) under the Skills Development Act, 1998 (Act No 97 of 1998).

Assessment and award of certificate

Learners will be self-assessed via a number of practical assignments and 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 verifiable Tax CPD.

Course fee

Once-off payment

Once off immediate payment to gain access to the course in total of: R2 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?

This Short Course 

Skill Level: Beginner