What is Estate Duty?
Estate duty is levied in terms of the Estate Duty Act, 1955, Act 45 of 1955 (the Act) and constitutes a tax which has been levied at a rate of 20% on deceased estates.

What is included in an Estate?
An estate consists of all property of a deceased resident: moveable as well as immovable - including deemed property, such as life-insurance policies and payments from pension funds - whether situated in or outside RSA.

How is the the Dutiable Amount of an Estate determined?
The dutiable amount of a deceased estate represents the sum of all property of the deceased and property which is deemed to be property of the deceased as at date of death,

Who is Liable to Pay Estate Duty?
In general the executor of the deceased estate is liable to pay the estate duty. However, as the estate also comprises property deemed to be property

When must Estate Duty be paid?
Estate duty is payable on the earlier of the date of assessment or 12 months after date of death. Failure to do so will lead to the imposition of interest.

Under which circumstance will extension of time for payment be granted?
If the executor is not in a position to finalise the administration process of the deceased estate within 1 year after date of death, the executor may request the Commissioner to grant extension of time to pay the estate duty free of interest.

How do I make an Estate Duty payment?
Estate duty payments can only be made via e-filing, there is no EFT option available for it. To make a payment on the Efiling system: 1) Select Additional Payments and then Create Additional Payment

When may an executor distribute an estate?
An executor may only distribute an estate after receiving official confirmation to do so from the Master of the High Court. The Master will only issue such confirmation

Last Updated: 23/10/2015 1:45 PM     print this page
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