Protecting Intergenerational Wealth and Understanding Estate Duty


Date: Oct 16, 2024 - Oct 16, 2024

CPD hours: 2 Hours

Time: 15:00 - 17:00

Event Type: Webinar

Presenter: Carmen Westermeyer
BCom (Honours Accounting) [UND] CA(SA)

Mention the word "Estate Duty," and the responses you receive will often be tinged with a sense of fear. It is a tax that we spend a lifetime planning for, yet it accounts for only a tiny fraction of tax collections. So why is so much attention paid to it? When it goes wrong, it can go spectacularly wrong - just ask the Ellerines family, who were involved in a recent high-profile case.

Overview

Mention the word "Estate Duty," and the responses you receive will often be tinged with a sense of fear. It is a tax that we spend a lifetime planning for, yet it accounts for only a tiny fraction of tax collections. So why is so much attention paid to it? When it goes wrong, it can go spectacularly wrong - just ask the Ellerines family, who were involved in a recent high-profile case.

In this session, Carmen Westermeyer will provide a refresher on Estate Duty and the intricacies of its function. She will also focus on the current state of estate planning, including trends, practical workarounds, and potential hazardous pitfalls in the processes required.


Webinar Content

  • The definition of Estate Duty according to the Act
  • How does Estate Duty fit into the broader tax environment?
  • Current trends in estate planning
  • Common pitfalls in estate planning

Competencies Developed

  • After this session you will be able to:
  • Understand the role of Estate Duty and perform the applicable calculations
  • Gain awareness of current trends in estate planning
  • Understand the SARS processes for administering deceased estates

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.

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