|OUTCOMES OF TOPIC
After studying this introduction to the tax implications of deceased taxpayers and deceased estates and estate duty, you should be able to:
✓ Understand the tax consequences when a natural person passes away;
✓ Understand what the role of a deceased estate is;
✓ Understand the difference between a deceased estate and estate duty;
✓ Understand how income received after date of death will be taxed;
✓ Understand how assets will be distributed to heirs or legatees;
✓ Understand what estate duty is and who is liable to pay estate duty.