SESSION 2 - Taxation of Deceased Estates and Estate Planning
This session focuses on the tax implications and SARS requirements for deceased estates. It will guide attendees through income tax, capital gains tax, VAT, and estate duty considerations, helping them navigate compliance and optimise estate planning. Real-world examples will aid understanding of the second registration and asset transfers.
This session will focus on the tax-related responsibilities and planning strategies for deceased estates. It will address how to report a new estate case to SARS, including the second registration of the estate as a taxpayer. The webinar will explore the income tax and capital gains tax implications following a person’s death, as well as the treatment of VAT within an estate. Estate duty calculations will be unpacked in detail, along with guidance on selling or transferring property from an estate. The session will also include practical insights into minimising tax liabilities through effective estate planning.
Key Topics Covered:
• Tax obligations after death
• Filing tax returns and SARS processes
• Understanding capital gains and estate duty
• Treatment of VAT on estate assets
• Timing and rules for property sales from the estate
• Estate planning strategies to reduce tax burdens
• Tax practitioners and consultants
• Estate planners and financial advisors
• Executors and fiduciary officers
• Attorneys handling deceased estates
• Accountants working with estates
• Professionals advising high-net-worth individuals
