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2018 Webinar: Taxes on Death
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2018/11/27
When: 27 November 2018
From 9:00am until 11:00am
Where: Webinar
South Africa
Contact: Thabelo Raivhogo
0129410416


Online registration is closed.
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Overview

Benjamin Franklin famously quoted that "Nothing is certain except death and taxes.”

Various tax implications are triggered upon death, including estate duty, normal income tax consequences for the deemed disposal of assets, and VAT (if applicable).

This live webinar, presented by Piet Nel, will cover the tax implications associated with property transfers on death (e.g., from a natural person to the estate and then to an heir, including a trust).


Course Content

Piet will specifically deal with frequently encountered income tax and estate duty provisions relevant to the following:

  • The last return of income of the deceased, specifically dealing with the following:
    • Income at date of death and amounts received in respect of relinquishment of employment
    • Amounts that accrued to the deceased from 1 March until the date of death of the deceased and the exemptions from normal income
    • The medical aid rebate and other rebates
    • Retirement interests: Options available to the heirs and lump sums
    • The tax consequences of a primary residence disposed of by the executor in the course of winding up the estate
    • The transfer of assets to the surviving spouse, including trading stock (after promulgation of the Taxation Laws Amendment Act, 2018)
  • An interest held by the deceased in a private company at the date of death
  • The so-called “buy-and-sell” arrangements and policies (relevant to the private company)
  • The bequest of a loan account, that was subject to section 7C, to an inter vivos trust
  • Income that accrues to the estate of the deceased person, from date of death to the last year of the year of assessment and until the final liquidation and distribution account is finalised

Presenter

Piet Nel


Event Investment

SAIT member: R375

Non Members: R455

Company Price: R860


Payments & Cancellations

  • All payments must be made by EFT or by credit card, at least 3 working days before commencement of an event.
  • Kindly note that should payment not been received 2 days after the event, legal action will be taken
  • Proof of payment will be requested at registration, if payment at that point in time has not been reflected on SAIT's bank account.
  • Only written notice of cancellation will be recognised.
  • Conditions:
    • If the cancellation occurs more than 4 working days prior to the event no cancellation fee will be charged.
    • If the cancellation occurs less than 4 working days prior to the event a 100% cancellation fee will apply.
  • Delegates who book and fail to attend will be liable for the full event fee.
  • SAIT's liability in the case of an event being cancelled will be limited to a refund or credit of the event fee.
  • Please click here for the full terms and conditions.

 

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