Page 6 - P6 Slide Taxation - Lecture Day 2 - Donations tax and Estate duty.
P. 6

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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