Summary TAX3703 EXAM PACK 2022

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


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