FAQ Blog Calculators Students Logbook Contact
Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply


I want to find out if we can claim expense from winding up an estate & bond transfer costs from SARS

Posted 1 July 2013

My wife passed away last year and the estate has now been wound by Old mutual Trust. The fees that I paid was -R52 000-00. OMT gave me a statement which I was said to keep for tax purposes. Can any cost be recovered from SARS? Our Property was on both our names. The property was transferred to my name and the bond was paid up. Can the transfer cost be recovered from SARS?

TaxTim TaxTim says:
1 July 2013 at 22:30

Estate costs can get deducted against the value of the estate which will reduce any estate duties owing once the final value of the estate is calculated. Transfer duties are a final tax and does not affect your income tax.

This entry was posted in Tax Q&A and tagged , . Bookmark the permalink.



Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.