TAX3703 Assignment 2
QUESTION 1
Calculation of the value of Bokang's usufruct for estate duty purposes
Fair market value of property at Bokang's death (6 000 000 - 6 000 000 x 30%) 4 200 000
Annual value of right at 12% 504 000
Lungile's age next birthday 46 years
QUESTION 1
Calculation of the value of Bokang's usufruct for estate duty purposes
Fair market value of property at Bokang's death (6 000 000 - 6 000 000 x 30%) 4 200 000
Annual value of right at 12% 504 000
Lungile's age next birthday 46 years