SARS Estate Duty 2014
<h2>The South African Revenue Service Estate Duty 2014</h2>
Estate Duty in South Africa and Estate Planning in South Africa
When you are reading this section when you have to calculate estate duty it is probably too late. Estate duty should be planned well before death. The rate is 20% of the amount determined by the Act as subject to estate duty. There are various exemptions such as everything that goes to a surviving spouse. Whatever remains is subject to a standard exemption of R3.5 million per estate.
Estate duty is levied at a flat rate of 20%.
The following exemptions apply- All property accruing to a surviving spouse (known as the estate duty roll-over) and any claim arising out of the Matrimonial Properties Act.
If you have any questions relating to these exemptions / deductions please contact us on 011 447 8823 Today to speak to a consultant for FREE.