Page 32 - P6 Slide Taxation - Lecture Day 3 - Donations Tax & Estate Duty.
P. 32

Calculation of estate duty








          Value of property


          Plus:  value of deemed property


          = GROSS VALUE OF ESTATE


          Less: allowable deductions


          = NET VALUE OF ESTATE


          Less:  rebate R3 500 000


          = DUTIABLE AMOUNT OF ESTATE


          x 20% estate duty


          Less successive death rebate, foreign death duty and


              transfer duty rebate


          = ESTATE DUTY DUE
   27   28   29   30   31   32   33   34   35   36   37