TAX3703
EXAM PACK
, UNIVERSITY EXAMINATIONS
Oct / Nov 2021
TAX3703
Taxation of Estates
100 Marks
Duration 2 Hours
(plus 60 minutes for upload)
This paper consists of (8) pages plus the annexures (pp i – v).
IMPORTANT INSTRUCTIONS:
1. All amounts exclude VAT unless stated otherwise.
2. All persons mentioned are residents of the Republic of South Africa unless stated otherwise.
3. SARS = South African Revenue Service.
The answering of this paper:
1. This paper consists of four (4) questions.
2. Answer all the questions.
3. Start each question on a new (separate) page.
4. Write your student number on the top of each page.
5. Show all workings, where applicable. Where an amount is subject to a limitation, clearly indicate
the application of the limitation. Where any item is exempt from tax or not allowable as a deduction,
this must be indicated, and a brief reason provided. All amounts must be rounded to the nearest
Rand.
6. Proposed timetable (try as far as possible not to deviate from this timetable):
QUESTION TOPIC MARKS MINUTES
1 Executor's account 33 40
2 Estate duty 28 34
3 Capital gains tax 13 15
4 Donations tax and estate planning 26 31
Upload time 60
TOTAL 100 180
[TURN OVER]
EXAM PACK
, UNIVERSITY EXAMINATIONS
Oct / Nov 2021
TAX3703
Taxation of Estates
100 Marks
Duration 2 Hours
(plus 60 minutes for upload)
This paper consists of (8) pages plus the annexures (pp i – v).
IMPORTANT INSTRUCTIONS:
1. All amounts exclude VAT unless stated otherwise.
2. All persons mentioned are residents of the Republic of South Africa unless stated otherwise.
3. SARS = South African Revenue Service.
The answering of this paper:
1. This paper consists of four (4) questions.
2. Answer all the questions.
3. Start each question on a new (separate) page.
4. Write your student number on the top of each page.
5. Show all workings, where applicable. Where an amount is subject to a limitation, clearly indicate
the application of the limitation. Where any item is exempt from tax or not allowable as a deduction,
this must be indicated, and a brief reason provided. All amounts must be rounded to the nearest
Rand.
6. Proposed timetable (try as far as possible not to deviate from this timetable):
QUESTION TOPIC MARKS MINUTES
1 Executor's account 33 40
2 Estate duty 28 34
3 Capital gains tax 13 15
4 Donations tax and estate planning 26 31
Upload time 60
TOTAL 100 180
[TURN OVER]
