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TAX3703 Assignment 2 Answers - Semester 2 | Due Date 15 September 2026

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TAX3703 Assignment 2 Answers - Semester 2 | Due Date 15 September 2026 ANSWERS, REFERENCES AND EXPLANATIONS

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, TAX3703 ASSIGNMENT 2 SEMESTER 2 2026 | DUE DATE 15 SEPTEMBER 2026




FIRST & FINAL LIQUIDATION AND DISTRIBUTION ACCOUNT IN THE ESTATE
OF THE LATE JOHN KHOSA NDLOVU

Identity Number: 570622 5019 08 0

Date of Death: 22 May 2026

Master’s Reference Number: 6698/2026

Marital Status: Married out of community of property with accrual to Thandiwe Khosa

1. LIQUIDATION ACCOUNT


Liabilities
Vouchers / Assets
Item Description & Calculation Notes & Admin
Reference (R)
(R)

Primary Residence: Apartment situated in
Johannesburg, valued at its estimated market value
2 750
1. on the date of death. The property is taken over by Enc. 1
000
the surviving spouse in terms of section 38 of the
Administration of Estates Act.

Household Contents: Household furniture and other
250
2. goods valued as at the date of death and taken over Enc. 2
000
by the surviving spouse in terms of section 38.

3. Fixed Deposit (Sizwe Bank): Enc. 3

- Original capital amount 95 000

- Interest accumulated up to the date of death, 22
1 400
May 2026

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