Page 50 - P6 Slide Taxation - Lecture Day 3 - Donations Tax & Estate Duty.
P. 50

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
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