Death and Taxes: Estate Duty, Income Tax and VAT Implications


Duration: 2 Hours

Price: R195.00

Video Type: Single

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

Administration of Estates

Administration of Estates
...

Death and Taxes: Estate Duty, Income Tax and VAT Implications

Duration: 2 hours

Price: R195.00


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Title / Topic

Death and Taxes: Estate Duty, Income Tax and VAT Implications

Presenters : Carmen Westermeyer


Overview

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

The aim of this video is to provide an overview of all the tax consequences that need to be accounted for and considered when the taxpayer dies.


Video 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 video, participants will develop the following competencies:

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

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