Estate duty is a tax payable on the dutiable value of certain deceased estates in South Africa. Subject to applicable exemptions, deductions and rebates, estate duty is currently charged at 20% on the first R30 million of the dutiable estate and 25% on the portion exceeding R30 million.
A primary abatement currently applies to the first R3.5 million of the dutiable value of an estate, although additional exemptions and deductions may reduce the amount payable depending on your circumstances. For the latest rates and detailed guidance, refer to the official SARS Estate Duty information: SARS Estate Duty Guide.
Find out more about estate duty explained in this article here. More info can be found in our Estate Planning Estate Planning FAQs, or speak to an estate planning attorney about reducing your estate’s exposure.
Disclaimer:
This information is provided for general educational purposes only and should not be regarded as legal, tax or financial advice. Estate duty legislation, tax rates, exemptions and related legal requirements may change from time to time through amendments to South African legislation or updates issued by SARS. While every effort has been made to ensure the accuracy of this content at the time of publication, you should always verify the latest information with the South African Revenue Service (SARS) and obtain advice from a qualified estate planning attorney, tax practitioner or legal professional before making any decisions. Legal Services South Africa provides legal information and can refer you to an experienced deceased estate lawyer or estate planning attorney in Cape Town for professional advice tailored to your circumstances.
