Individual tax returns of a deceased must be done up and until the date of death. This can be done in Sky Tax. everything after the date of death is for the estate.
For persons with date of death on or after 1 March, tax is payable by the estate on post-death income.
A new tax number is obtained and returns must be submitted from date of death until date of approval by the Master of the L&D account.
There is no primary rebate and exempt interest is R23,800 even if the deceased person was over 65.
Expenses such as Masters fees, executors remuneration, etc are not allowed as a deduction.
Assessed losses may not be carried over from the pre-death tax number to the post-death number.
Just be aware of the rebate and exempt interest differences and adjust the tax calc manually.
