Page 42 - P6 Slide Taxation - Lecture Day 3 - Donations Tax & Estate Duty.
P. 42

Deductions (cont)






















       • Improvements made to property by the beneficiary if


              – Incurred by person who inherits the property/limited interest


              – Incurred during the lifetime of the deceased, with his consent

              – Then:  the amount by which the value of the property /interest

                   increased due to the improvements will be deducted from the

                   estate


       • Improvements made to property subject to right to use

              – Then:  the amount by which the value of the property increased

                   due to the improvements will be deducted from the estate
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