Estate duty – Van Der Hoff Inc. | Conveyancers and Notaries

June 13, 2017

Published by VDHadmin at June 13, 2017

The Basics of Estate Duty

The Basics of Estate Duty When a person dies, they leave behind an estate which includes everything they own. Estate Duty is payable on the estate of every person who dies and whose nett estate is in excess of R3,5 million. It is charged at the rate of 20%. Currently, SARS is responsible for collecting the Estate […]

October 29, 2015

Published by VDHadmin at October 29, 2015

Implications of estate duty

Implications of estate duty Estate duty is charged on the dutiable value of the estate in terms of the Estate Duty Act. The general rule is that if the taxpayer is ordinarily resident in South Africa at the time of death, all of his/her assets (including deemed property), wherever they are situated, will be included […]