This practical South African tax course examines the Capital Gains Tax (CGT) implications arising upon death and during the administration of a deceased estate. Participants will gain an understanding of deemed disposals, available exemptions and exclusions, asset valuations, executor responsibilities, and the interaction between CGT and Estate Duty.
The death of a taxpayer can trigger significant Capital Gains Tax consequences that must be carefully managed by executors, tax practitioners, accountants, and estate administrators. This course provides a practical overview of the CGT rules applicable in the year of death and during the administration of a deceased estate. Participants will explore deemed disposals, asset valuations, annual exclusions and rebates, the tax treatment of inheritances, and the distinction between transfers to surviving spouses and other beneficiaries. The course also examines the interaction between Capital Gains Tax and Estate Duty, the responsibilities of executors, and the documentation required to ensure accurate tax compliance and reporting.
Key Topics Covered:
• Bequeathing assets to your spouse vs other heirs
• Rebates and annual exclusions available in the year of death
• Tax Treatment of Capital Gains in Late Estates
• Documents required for Capital Gains Tax Purposes
• Deemed disposal of Assets for CGT purposes
• Capital Gains Tax vs Estate Duty
• Accountants and Tax Practitioners
• Chartered Accountants (CA(SA))
• Professional Accountants (SA)
• Tax Consultants and Tax Administrators
• Executors of Deceased Estates
• Estate Administrators
• Fiduciary Practitioners
• Attorneys and Candidate Attorneys
• Trust and Estate Planning Advisors
• Financial Planners and Wealth Advisors
• Professionals involved in deceased estate administration and tax compliance
• Anyone seeking a practical understanding of CGT in deceased estates under South African tax legislation.
