Course Detail(TAX111 : Income Tax Perspective: Business Losses)

TAX111 : Income Tax Perspective: Business Losses

3.50 CPE Hours (Others)
Classroom

Programme Objective

This half day course is intended to ensure participants are aware of tax planning related to business losses to maximize tax benefits in Singapore.

Programme Outline

A.  General

  • Differences between trade and non trade losses 
B.  Carry Forward Losses
  • Carry forward unutilized losses, capital allowances and approved donations
  • Meeting minimum shareholders requirement on relevant dates and exceptions
  • Other conditions for carry forward ‘losses’
C.  Group Relief
  • Concept of Group Relief System
  • Definition of Group Companies
  • First level and second level tests
  • Transfer rules
  • Election in Form C and planning
  • Anti avoidance and other issues
D.  Carry Back Relief
  • Number of years losses can be carried back
  • Maximum amount that can be carried back
  • Shareholders Test
  • Same Business Test
  • Tax planning on Carry Back Reliefs 
E.   Tax Losses for Limited Liability Partnerships and Limited Partnerships
F.  Tax Losses for sole proprietorship and partnerships
G.   Latest updates form IRAS

Closing Date for Registration
1 week before programme or until full enrolment.

Intended For

Tax Professionals, Accountants and auditors

Competency Mapping

Others = 3.50 Hours

Schedule & Fees

Date & Time

13 Sep 2019 (9:00 AM - 12:30 PM)

Fee (inclusive of GST)

For Members: $ 199.02
For Non-Members: $ 237.54

Programme Facilitator(s)

A. Geetha

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

18 Dec 2018 (2:00 PM - 5:30 PM)

Registration is closed

Programme Facilitator(s)

A. Geetha

Date & Time

24 Jul 2018 (2:00 PM - 5:30 PM)

Registration is closed

Programme Facilitator(s)

A. Geetha

Date & Time

14 Dec 2017 (2:00 PM - 5:30 PM)

Registration is closed

Programme Facilitator(s)

A. Geetha

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


A. Geetha
CA (Singapore) with Certificate for Practice, MBA (Investment and Finance)


Geetha is the founder partner of a Certified Public Accounting Firm. She has more than 20 years of experience in handling Singapore Tax issues and cross border tax issues.

She regularly trains and updates practising and non-practising CAs and the general public in related field on Singapore Income Tax. She has also lectured on the Singapore Income Tax and Planning for ACCA students and students aspiring to be Chartered Financial Planners (CFP).

She has authored revision kits for tax students and also acted as an appointed examiner for an Advanced Tax Paper. 

Programme Objective

This half day course is intended to ensure participants are aware of tax planning related to business losses to maximize tax benefits in Singapore.

Programme Outline

A.  General

  • Differences between trade and non trade losses 
B.  Carry Forward Losses
  • Carry forward unutilized losses, capital allowances and approved donations
  • Meeting minimum shareholders requirement on relevant dates and exceptions
  • Other conditions for carry forward ‘losses’
C.  Group Relief
  • Concept of Group Relief System
  • Definition of Group Companies
  • First level and second level tests
  • Transfer rules
  • Election in Form C and planning
  • Anti avoidance and other issues
D.  Carry Back Relief
  • Number of years losses can be carried back
  • Maximum amount that can be carried back
  • Shareholders Test
  • Same Business Test
  • Tax planning on Carry Back Reliefs 
E.   Tax Losses for Limited Liability Partnerships and Limited Partnerships
F.  Tax Losses for sole proprietorship and partnerships
G.   Latest updates form IRAS

Closing Date for Registration
1 week before programme or until full enrolment.

Intended For

Tax Professionals, Accountants and auditors

Competency Mapping

Others = 3.50 Hours

Programme Facilitator(s)

A. Geetha
CA (Singapore) with Certificate for Practice, MBA (Investment and Finance)


Geetha is the founder partner of a Certified Public Accounting Firm. She has more than 20 years of experience in handling Singapore Tax issues and cross border tax issues.

She regularly trains and updates practising and non-practising CAs and the general public in related field on Singapore Income Tax. She has also lectured on the Singapore Income Tax and Planning for ACCA students and students aspiring to be Chartered Financial Planners (CFP).

She has authored revision kits for tax students and also acted as an appointed examiner for an Advanced Tax Paper. 

Upcoming Schedule

Date & Time

13 Sep 2019 (9:00 AM - 12:30 PM)

Fee (inclusive of GST)

For Members: $ 199.02
For Non-Members: $ 237.54

Programme Facilitator(s)

A. Geetha

Venue

60 Cecil Street
ISCA House
Singapore 049709