Estate duty (Rate - 20%)

Red denotes recent changes.

Tax base

• All property at date of death
• Non-resident - property in South Africa

Deductions

• Liabilities at date of death (including CGT due on death)
• Bequests to charitable, educational and religious institutions within South Africa
• Property accruing (including bequests) to a surviving spouse

Abatement

• Estate duty abatement R3,5 million. The unutilised portion can be carried over to the surviving spouse with a combined limit of R7 million.

Community of property marriages
Only half of the joint estate is brought to account (to be reviewed).