Mr Reyneke owns a farm in South Africa and in terms of his last will and testament he bequeathed the said farm to his two sons in equal shares. Mr Reyneke died in 2019 and the executor of his estate r...
THE BASICS OF ESTATE DUTY
When a person dies, they leave behind an estate which includes everything they own. Estate Duty is payable on the estate of every person who dies and whose nett estate is in excess of R3,5 million. ...
DECEASED ESTATE TRANSFERS
During a person’s lifetime he/she will accumulate assets as well as liabilities. The assets can be immovable or movable assets or cash. Assets may include a house, vehicles furniture and cash. The l...