Consumer Protection Act and Estate Agents Code of Conduct

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Estate agents’ responsibilities are made clear in the Institute of Estate Agents South Africa Code of Ethics and Conduct and is supported by the Consumer Protection Act.

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Posted by Cor van Deventer on Friday, June 28, 2019 Views: 76

 

Capital Gains Tax on Deceased Estates

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Assets acquired by a person during his or her life are calculated at market value and disposed of at that value at the date of death.

The difference in value between the market value and the nett costs of the assets is regarded as capital gain (or loss) and must be reflected accordingly in the income tax return of the deceased person.

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Posted by Cor van Deventer on Wednesday, June 26, 2019 Views: 76