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Mr. Davido died on 31 March 2011. In terms of his will, he bequeathed the following: A farm in Banket to his son together with
Mr. Davido died on 31 March 2011. In terms of his will, he bequeathed the following: A farm in Banket to his son together with $30 000 000 cash; A block of flats to his daughter plus $ 20 000 000 cash; A remainder of the estate was left to the testator's brother. The executor's Final Liquidation and Distribution amount was confirmed by the Master of High Court on 30 November 2011. Required Giving brief reasons, you are required to advise on amounts and operations may result in taxable income accruing to each of the following indicating the date when such income may accrue. 1. Mr Davido's son; 2. Mr Davido's daughter 3. Mr Davido's brother; 4. Mr Davido's estate [25] Mr. Davido died on 31 March 2011. In terms of his will, he bequeathed the following: A farm in Banket to his son together with $30 000 000 cash; A block of flats to his daughter plus $ 20 000 000 cash; A remainder of the estate was left to the testator's brother. The executor's Final Liquidation and Distribution amount was confirmed by the Master of High Court on 30 November 2011. Required Giving brief reasons, you are required to advise on amounts and operations may result in taxable income accruing to each of the following indicating the date when such income may accrue. 1. Mr Davido's son; 2. Mr Davido's daughter 3. Mr Davido's brother; 4. Mr Davido's estate [25]
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