Page 19 - P6 Slide Taxation - Lecture Day 2 - Donations tax and Estate duty.
P. 19

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
   14   15   16   17   18   19   20   21   22   23   24