Our expert speaker will cover a range of topics, including the basic rules applicable to Estate Duty, different approaches to the Liquidation and Distribution Account, and their tax consequences, and how this should be declared in the different returns on your tax return.
Estate Duty is tangled in the Liquidation and Distribution Account by legislation filled with legal fiction, confusion, and technical details.
The first focus will be on explaining why usufructuary, unlisted shares, and domestic life policies can be confusing to classify under property or deemed property.
Secondly, the focus will be to explain how to calculate estate duty by using the gross assets value of the Liquidation Account as starting point and apply the estate duty “mathematics” to it.
Thirdly Sophia will focus on a list of items that can result in delays in the estate duty calculation and in the administration process if they are poorly managed or if there is no documentary proof.