Co-Presenter:
Sidney Fletcher
Co-Presenter:
Sophia Steyn
Date & Time:
22 August 2023 | 10:00 SA Time
Platform & Fee:
Zoom | Free
Sidney will be joined by Sophia Steyn who is a Admitted Attorney specialising in Estate Duty at Tax Consulting SA. While Sidney will focus on the Tax Administration of Deceased Estates, Sophia will unpack the most common mistakes when in the Estate Duty Calculation.
To take a correct approach to Tax, Estate Duty, and all other relevant regulations also means keeping your eye on the ball regarding the rules and system changes introduced by SARS and the latest legal developments in this space.
Our expert speaker will cover a range of topics, including the basic rules applicable to Estate Duty, different approaches to the Liquidation and Distribution Account, and their tax consequences, and how this should be declared in the different returns on your tax return.
Estate Duty is tangled in the Liquidation and Distribution Account by legislation filled with legal fiction, confusion, and technical details.
The first focus will be on explaining why usufructuary, unlisted shares, and domestic life policies can be confusing to classify under property or deemed property.
Secondly, the focus will be to explain how to calculate estate duty by using the gross assets value of the Liquidation Account as starting point and apply the estate duty “mathematics” to it.
Thirdly Sophia will focus on a list of items that can result in delays in the estate duty calculation and in the administration process if they are poorly managed or if there is no documentary proof.
This session flowing from the previous part will look at how these topics affect the taxation of Deceased Estates. We will also have a look at how the system changes affect the taxes of a Deceased Estate at the date of death as well as post-death
Our speaker will share insights and tips on how to stay on top of one’s tax obligations and minimize liabilities with SARS.
Sidney Fletcher – Senior Manager Trust and Deceased Estate Tax Compliance
Sidney is a versatile and results-driven qualified Senior Tax Practitioner. He has more than 20 years of experience working for SARS and was responsible for Taxpayer Education for a big part of that period. He is a dedicated professional with extensive knowledge and his affinity for Individual Taxes makes him an excellent tax planner and skilled at tax optimisation. Committed to the best care for clients through transparent communication. Skilled in negotiation with a strong ability to problem solve to assist clients with tax problems.
Sophia Steyn – Admitted Attorney specialising in Estate Duty
Sophia Steyn is an experienced attorney and legal advisor with a strong background in will drafting, trust administration, and estate administration. With nine years of legal practice experience, including owning and managing her own practice, Sophia brings valuable management skills and a client-focused approach to her work. Currently serving as a Fiduciary Legal Advisor for Tax Consulting SA and Africorp Solutions, she specializes in drafting wills, establishing trusts, administering estates, and managing important legal documents. Sophia’s expertise, professionalism, and commitment to exceptional client service make her a trusted legal advisor in her field.