TAXATION AND FARMING
The taxation of farming operations is subject to a unique and detailed set of tax rules. All annual tax returns require that income from farming operations and relevant expenses are disclosed separately, so that SARS can easily assess whether the specific tax rules have been adhered to.
Many farmers carry on farming operations in their own names. Due to the new legislation applicable to the death of a taxpayer and specifically the impact that this has on farmers, an understanding of the new legislation is essential to ensure that proper tax planning can be done.
This webinar will assist you in obtaining a thorough understanding of the specific tax rules for farming and the impact of other relevant tax legislation.