Short Course in Estate Duty and Donations Tax

Estate Duty is considered the most planned for tax in South Africa. It is essentially a tax on the deceased person’s net asset value. This course is designed to empower participants with the knowledge and tools necessary to navigate the estate duty landscape effectively.

Mode of delivery

This Short Course will be presented on The Tax Faculty’s online learning Campus. Refresh your foundational knowledge anytime from anywhere!

Duration and effort

This Short Course will be available to learners to complete at their own time and pace.

  • Video hours: 3 hours
  • Approx Reading hours: 30 hours
  • Recommend Length to complete: 6 weeks 

What you will learn in this course

The following modules will be covered:

  1. Donations Tax.
  2. Tax consequences of a deceased taxpayer.
  3. Tax consequences of a deceased estate.
  4. Estate Duty.

Outcomes:

  • Understand the rationale behind the levy of donations tax.
  • Calculate Donations tax payable.
  • Demonstrate an understanding of the estate duty consequences for responsible parties.
  • Interrogate and apply the framework for estate duty.
  • Calculate the estate duty.
  • Determine the normal tax consequences and capital gain consequence of a deceased person and deceased estate.Demonstrate an understanding of the estate duty consequences for responsible parties.

Pre- Requisites 

  • A foundational understanding of normal income tax and Capital gains Tax. 
  • Digital and numeracy literacy.
  • A Laptop/PC with high-speed internet access.

This course is for:

  • Accountants.
  • Tax Practitioners.
  • Financial Planners.
  • Executors of Estates.
  • Employees of the Masters Office.

Accreditation

This course is presented as a short learning programme (SLP) by The Tax Faculty (TTF). TTF is recognised as a continuous professional development (CPD) provider by controlling bodies accredited in terms of the Tax Administration Act, 2011 (Act No 28 of 2011), and holds accreditation with the Quality Council for Trades and Occupations (QCTO) as a skills development partner (SDP) under the Skills Development Act, 1998 (Act No 97 of 1998).

Assessment and award of certificate

A number of self-assessments are included in the course. Learners are assessed via a final integrated assessment. Successful learners will receive a SLP certificate of competence issued by The Tax Faculty. In addition, this just-in-time learning programme also qualifies for 5 verifiable Tax CPD.

Course fee

Once-off payment

Once off immediate payment to gain access to the course in total of: R2 950.00.

*No flexibible payment plans available on this course.

Payments and cancellations

  • All required minimum payments must be made by direct EFT or by credit card before the commencement of a course. The once-off payment is required to be paid in order to gain access to start the course. 
  • Kindly note that should payment terms not be adhered to; legal action will be taken and access to the online learning platform suspended.
  • Proof of payment will be requested before access to the online platform will be communicated, should your payment not reflect on The Tax Faculty’s bank account.
  • Only written notice of cancellation will be accepted.

Conditions

For all short learning programmes (SLPs) with a seven-month or less rollout period, the following will apply:

  • If the cancellation is requested more than 10 working days prior to the course release date, no cancellation fee will be applicable.
  • If the cancellation occurs less than 10 working days prior to the course release date, a 100% cancellation fee will be applicable.
  • Students who register for a course and fail to attend will be held liable for the full course fee.
  • The Tax Faculty’s liability in the case of a course being cancelled will be limited to a refund of the course fee.
  • Students who have failed to successfully complete the course, and wishing to repeat will be charged the full course fee to repeat.

Why wait?

This course leads into the Professional Certificate in the Administration of Estates and Trusts, where learners focus on the practial and advisory component of estate planning. 

Skill Level: Beginner