estate duty

Estate duty is a tax which may become payable upon your death. (Yes, the taxman will even tax you after death!)

If your estate is worth more than R1,5 million (one and a half million rands), after deduction of certain expenses and rebates, then your estate will be liable for Estate Duty.

Estate duty is charged at a rate of 20 % of the amount by which your net estate value exceeds R1,5 million. There are some methods which can be used, while you are still alive, to structure your will in such a way as to provide the most tax effective structure for limiting Estate Duty.

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