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  • Can a house / property stay in a deceased person's name ?

    No, where the registered owner of immoveable property has died, their property/house will need to be transferred to another person – usually a family member. Assets in the name of the deceased will have to be transferred to the heirs ...
  • Do I have to pay taxes on the sale of my deceased parents home

    Yes. Taxes will be payable either as part of the estate if you sell it before the estate is finalised, or as Capital Gains Tax on your individual profile if you sell it after you have inherited it....
  • Do you have to open an estate account when someone dies

    Yes, if the deceased has any assets (at least R 1 000) which need to be administered then as per the Administration of Estates Act 66 of 1965, an Estate Late bank account will need to be opened....
  • Do you have to pay tax on inherited property?

    In general, when an individual passes away and bequeaths their entire estate to their surviving spouse, no Capital Gains Tax is payable. If the surviving spouse is inheriting the immovable property (house) in the estate, then the estate will also ...
  • Do you pay capital gains tax on deceased estates?

    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 ...
  • Do I need to file a deceased estate tax return?

    Yes. The executor of the estate is responsible for lodging the tax returns for both the deceased individual, as at the time of their death, and for the estate, from date of death to when the estate is finalised. The ...
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