1. Kim Newton is 56 years old and a South African resident. She is married to Bradley Newton in community of property.

Kim sadly passed away on the evening of 30 June 2022 in an accident at the age of 62 years.

The executor of Kims estate found the following assets and liabilities:

1. A residential property in Johannesburg that she rented out and valued R2 500 000

at fair market value as on 30 June 2022 (Bradley inherits the property).

2. Proceeds of a domestic policy taken out on Kims life. Kim paid all the R1 750 000

premiums and interest (compounded at 6%) on the policy amounting to

R400 000 in total. Janet (Kim and Bradleys 19-year-old daughter) was the only beneficiary according to the

stipulations of a postnuptial contract.

3. Other assets in the estate R5 500 000

4. Assume the Masters fees and executors remuneration was correctly calculated R 288 000

Assume there were no other assets or liabilities in the estate.

Calculate Kims dutiable estate for estate duty purposes.

Ignore the effect of any income that may accrue to Kims estate after the date of her death.