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When you pass away, your family will need to pay R 0 in fees and taxes.
Executor's Fees R 0

The total assets you provided show a value of R 0
The minimum executor's fees on this will amount to R 0 * 3.5% which is R 0


Transfer Duty R 0

The property you gave is being valued at R 0
Property transfer costs (inc VAT) R 50
Transfer duty ** R 0
Post, petties, FICA and other fees (inc VAT) *** R 100


Funeral Costs R 0

The venue, flowers, printing, food & beverage, cremation
We calculate this on a sliding scale based on the size of your estate


Estate Duty R 0

Estate duty is a form of tax that is levied on the deceased estate. The purpose of estate duty is to tax the transfer of wealth (assets) from the deceased estate to the beneficiaries

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Estate Duty Calculations

Estate Duty payable is calculated as follows
Total Assets R 0

Properties R 0
Vehicle R 0
Timeshare R 0
Money owed to you R 0
Positive Bank Balance R 0
Investment R 0
Policies (excluding life and retirement policies) R 0
Assets in a trust R 0
Assets off-shoreR 0

Less Liabilities & Expenses R 0

Liabilities:
Creditor R 0
Outstanding Account R 0
Credit CardsR 0
Amounts owed to others R 0

Expenses:
Executor's fees R 0
Estimated CGT payable R 0
Funeral costs (based on the size of your estate) R 0
Master's feesR 0
Miscellaneous R 0
Estimated Transfer costR 0

Distributable Estate R 0

Deduction if spouse is sole heir in will R 0

Nett Value of EstateR 0
Estate duty rebate R 0
Transferable portion predeceased spouse (Max R 3,500,000)? total
Nett Dutiable EstateR 0
Estate duty R 0
Nett Estate Duty payable by EstateR 0

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Capital Gains Tax Calculator

Capital Gains payable is calculated as follows
Est. Capital Gains Pax Payable R 0

Total Properties Value R 0
Taxable Value of Properties R 0

We do not know the base cost of the properties listed but we assume that this is 40 % of its current value
Total Investments R 0
Taxable Value of investments R 0
We do not know the base cost of the investments listed but we assume that this is 20 % of their current value
Less Exclusions R 0
Total Taxable R 0

* There is a R 2 mil exemption on one primary residence. (we haven't applid this)
* Savings or cash is exempt from CGT

Transfer Fee Calculations

Transfer Fees payable is calculated as follows
Total Transfer Fees R 0

Total VAT R 0
Transfer Duty * R 0

* There is no Transfer Duty as this does not apply to a deceased estate or inheritance

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Disclaimer:

The Estate Duty, Liquidity and/or Capital Gains Tax Calculations are based on information provided by you and serve only for information purposes as an estimate of the estate duty and capital gains tax liability as on the date of calculation. Smart Will, all its partners, officers, directors, employees, contractors, sponsors, agents or affiliates cannot be held liable for any incorrect information or information not taken into account nor if your situation, estate or tax liability differ in any way at date of death.