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<blockquote data-quote="user 1727" data-source="post: 1047500" data-attributes="member: 1727"><p>That is not a nice situation to be in. As executor of my brother's estate I know it is a minefield out there. </p><p></p><p>Is the estate less that R3.5million? If so there is no SARS duties involved. For estates under R30mil the first R3.5m is exempt and for the rest a 20% duty is charged.</p><p></p><p>Would the value of the assets sold have pushed the estate value over the R3.5m? If so then SARS would want their cut. </p><p></p><p>Unfortunately all property, moveable and immovable, that forms part of the estate must be included to calculate the nett value of the estate.</p></blockquote><p></p>
[QUOTE="user 1727, post: 1047500, member: 1727"] That is not a nice situation to be in. As executor of my brother's estate I know it is a minefield out there. Is the estate less that R3.5million? If so there is no SARS duties involved. For estates under R30mil the first R3.5m is exempt and for the rest a 20% duty is charged. Would the value of the assets sold have pushed the estate value over the R3.5m? If so then SARS would want their cut. Unfortunately all property, moveable and immovable, that forms part of the estate must be included to calculate the nett value of the estate. [/QUOTE]
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