Page 29 - P6 Slide Taxation - Lecture Day 2 - Donations tax and Estate duty.

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