Do you pay capital gains tax on a deceased estate?

faq-top-bg

The Executor of the Estate is required to disclose and submit the Capital Gains Tax calculation together with proof of documentation to the South African Revenue Services (SARS) as part of the deceased individual’s annual income for the financial year in which they passed away.

SARS will then assess the calculation and documentation submitted and then confirm the amount of Capital Gains Tax that is payable by the Estate.