Death and Taxes

Overview

We had all heard the phrase, “the only two certainties in life are death and taxes,” but what came next, and did you know the correct procedures to follow when a client informed you of a death? Not only did you need to know how to calculate estate duty, but income tax came into play, and in some cases, VAT. Then there was the dreaded practical side of dealing with SARS to register the estate.

The aim of this webinar was to provide an overview of all the tax consequences that needed to be accounted for and considered when the taxpayer died.

Webinar Content

• Income tax consequences upon death for both the individual and the estate (focusing specifically on s9HA and s25).
• Estate duty consequences of death.
• VAT consequences of death.
• Practical requirements of registering an estate with SARS.

Competencies Developed 

After attending this webinar, participants developed the following competencies:

• Ability to calculate income tax liabilities for heirs, the estate, and the deceased.
• Understanding of estate duty and relevant terminology.
• Awareness of how tax consequences can influence estate planning.
• Understanding of the practical requirements of the executor.

Presenter

Carmen Westermeyer

BCom(Honours Accounting) [UND] CA(SA)

Carmen Westermeyer graduated in 2001 from the University of Natal, Durban (now UKZN), with a BCom Honours degree in Accounting and completed her articles with PwC, where she remained until 2006. She has been a member of SAICA since then.

In 2008, she started her academic career at UKZN, where she performed a number of functions, taking on the role of Academic Leader for Taxation. On leaving academia in 2013, Carmen has been providing training and consulting services to the profession. She has presented on behalf of various professional bodies, such as SAICA, FASSET, CSSA as well as providing in-house training to numerous accounting firms. The topics covered include all aspects of income tax, VAT, estate duty as well as the health levy (sugar tax). In addition, she regularly consults on tax matters as well as assisting with SARS disputes.

She is also the Chair of the SAICA Eastern Region Tax Committee, a member of the SAICA National Tax Operations Committee and is an Accounting Member of the Tax Court.

CPD

Attending this webinar and the successful completion of the online assessment will secure a certificate of completion for 2 hours of Tax CPD.

Event Investment

Free for Tax Practitioner, Tax Accountant CPD subscribers and Practice Packages. Not a CPD subscriber yet? Click here to register now.

• Regular price:  R460.00
• Special rate for SAIT members:  R368.00
• Group booking discounts available when you register for a group.

Payments & Cancellations

• All payments must be made by EFT or by credit card, at least 3 working days before commencement of an event.
• Kindly note that should payment not be received 2 days after the event, legal action will be taken
• Proof of payment will be requested at registration, if payment does not reflect on Tax Faculty's bank account.
• Cancellations:
  • Only written notice of cancellation will be recognized.
  • If the cancellation occurs more than 4 working days prior to the event no cancellation fee will be charged.
  • If the cancellation occurs less than 4 working days prior to the event a 100% cancellation fee will apply.
• Delegates who book and fail to attend will be liable for the full event fee.
• Tax Faculty`s liability in the case of an event being cancelled will be limited to a refund or credit of the event fee.
• Please click here for the full terms and conditions.