This practical course examines the Estate Duty and SARS compliance requirements applicable to deceased estates. Participants will learn how to manage outstanding tax obligations, register and administer estate tax profiles, calculate Estate Duty, apply available deductions and exemptions, and obtain SARS compliance before finalising estate distributions.
Estate Duty and tax compliance are critical components of the deceased estate administration process. Before an estate can be finalised and assets distributed to heirs, SARS must confirm that all tax affairs of the deceased and the estate are fully compliant. This practical session examines the tax responsibilities arising before and after death, including the completion of outstanding tax returns, the registration and administration of the estate tax profile, and the deregistration of the deceased taxpayer's profile. Participants will gain a practical understanding of Estate Duty calculations, allowable deductions and exemptions, and SARS procedures required to obtain tax clearance. Real-life examples will be used to demonstrate the interaction between Estate Duty, administration costs, policy proceeds, maintenance claims, and other estate liabilities.
Key Topics Covered:
• Outstanding returns of deceased up to date of death
• All outstanding returns must be filed to date of death
• New Income Tax profile must be created for the
• Estate After death income / expenses
• Deceased’s personal SARS profile must be deregistered
• Estate Duty and the calculation thereof Surviving spouse’s inheritance (section 4q)
• Maintenance payments
• Policies paid directly to third parties
• Administration costs
• Other exemptions
• Transfer duty Any SARS tax is an administration
cost in the estate
• Executors of Deceased Estates
• Estate Administrators
• Fiduciary Practitioners
• Attorneys and Candidate Attorneys
• Accountants and Tax Practitioners
• Chartered Accountants (CA(SA))
• Professional Accountants (SA)
• Trust Officers and Estate Clerks
• Financial Planners and Wealth Advisors
• Professionals involved in estate administration and tax compliance
• Anyone seeking a practical understanding of Estate Duty and SARS procedures in deceased estates
