The Basics of Estate Duty

When a person dies, they leave behind an estate which includes everything they own. Estate Duty is payable on the estate of every person who dies and whose nett estate is in excess of R3,5 million. It is charged at the rate of 20%. Currently, SARS is responsible for collecting the Estate Duty of a deceased person. How does an estate get …

Shop closed: How to deregister a company or CC

When the time has come to close shop, a company or close corporation may be deregistered upon request from the company or close corporation or any other third party, but only provided that the company or close corporation: has ceased to carry on business; and has no assets or, because of the inadequacy of its assets, there is no reasonable …