Page 51 - P6 Slide Taxation - Lecture Day 3 - Donations Tax & Estate Duty.

Successive death rebate

IF:

• Person bequests property to another person,

who dies within 10 years from each other

THEN:

• Estate duty is reduced by percentage established

under successive death rebate

BUT ONLY IF:

• The second-dying person had to pay the estate

duty of the first-dying person’s estate and the

property is included in both their estates.