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QUESTION FIVE [15] On 1 June 2021, Daddy Naidoo, a resident of the Republic, died. He left the following estate: A house in Isipingo Heights
QUESTION FIVE [15] On 1 June 2021, Daddy Naidoo, a resident of the Republic, died. He left the following estate: A house in Isipingo Heights with a market value of R1 920 000. Shares in Naidoosons (Pty) Limited with a market value of R2 100 000. They were sold by the executor of his deceased estate to the remaining shareholders under its articles of association for R2 000 000. Personal and sundry assets valued at R608 520. Expenses in Daddy Naidoo's deceased estate were R68 520, including his final normal tax liability. They were paid by the executor of his deceased estate. Daddy Naidoo was born on 1 January 1948. He was a widower. He did not have any children. On his wife's death, on 31 March 2019, R2 500 000 was deducted under section 4A from the net value of the assets in her estate. You are required to Determine the estate duty payable by the deceased estate of the late Daddy Naidoo. QUESTION FIVE [15] On 1 June 2021, Daddy Naidoo, a resident of the Republic, died. He left the following estate: A house in Isipingo Heights with a market value of R1 920 000. Shares in Naidoosons (Pty) Limited with a market value of R2 100 000. They were sold by the executor of his deceased estate to the remaining shareholders under its articles of association for R2 000 000. Personal and sundry assets valued at R608 520. Expenses in Daddy Naidoo's deceased estate were R68 520, including his final normal tax liability. They were paid by the executor of his deceased estate. Daddy Naidoo was born on 1 January 1948. He was a widower. He did not have any children. On his wife's death, on 31 March 2019, R2 500 000 was deducted under section 4A from the net value of the assets in her estate. You are required to Determine the estate duty payable by the deceased estate of the late Daddy Naidoo
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