Estate Duty Act definition

Estate Duty Act means the Estate Duty Act, 1955 (Act No. 45 of 1955);’’;
Sample 1Sample 2Sample 3
Estate Duty Act. ’ means the Estate Duty Act, 1955 (Act No. 45 of 1955); ‘‘fair market value’’ means the price which could be obtained upon a sale of an asset between a willing buyer and a willing seller dealing at arm’s length in an open market;
Sample 1Sample 2Sample 3
Estate Duty Act means the Estate Duty Act No. 45 of 1955 as amended from time to time;
Sample 1Sample 2Sample 3

Examples of Estate Duty Act in a sentence

  • The proposed amendment aligns interest due in terms of the Estate Duty Act with Chapter 12 of the Tax Administration Act.2.4 Income Tax Act, 1962: Amendment of section 1 The proposed amendment is of a textual nature.

  • Reference: Clause 4; Section 4A of the Estate Duty Act 1955) Comment: The proposed ordering rules for the “portable spousal deduction” in cases of simultaneous death are welcome.

  • While there is no single “wealth tax” in South Africa there are a number of taxes which may be considered to be forms of wealth tax, namely donations tax and capital gains tax (CGT) in terms of the Income Tax Act 58 of 1962, as amended (the Income Tax Act), and estate duty in terms of the Estate Duty Act 45 of 1955, as amended (the Estate Duty Act).

  • They will be subject to the Laws of India including the Indian Insurance Act, 1938, as amended, the Estate Duty Act 1953, as amended, the Income Tax Act, 1961, the Payment of Gratuity Act 1972 and to any legislation subsequently introduced.

  • The Land Bank Act read with the Estate Duty Act provided for the appointment of land bank valuators, the method of determining the agricultural or pastoral value and an appeal process for taxpayers dissatisfied with the valuation to the Land Bank Board.

  • Amnesty means that successful applicants are deemed not liable under the Income Tax Act, 1962, (including donations tax and STC) or under the Estate Duty Act, 1955, equal to the taxes otherwise due on the amounts disclosed.

  • However, as a precondition for the doubling of the section 4A amount, the executor of the estate of the second deceased spouse must provide the estate duty return associated with the predeceased spouse (as contemplated in section 7 of the Estate Duty Act).

  • In particular, the amnesty covers underlying domestic tax violations relating to the Income Tax Act, 1962, as well as the Estate Duty Act, 1955.

  • The Estate Duty Act 45 of 1955 provides that a “spouse” in relation to any deceased person, includes a person who at the time of the death of such deceased person was the partner of such person incover such socially important areas as domestic violence, estate duty, employment equity, and legislation to promote equality.

  • Firstly, the applicant must disclose the domestic amounts previously not declared to SARS (in terms of the Income Tax Act, 1962 or Estate Duty Act, 1955) to the extent those amounts were initially accumulated as or converted into foreign assets.


More Definitions of Estate Duty Act

Estate Duty Act means the Estate Duty Act, 1955 (Act No. 45 of 1955);"; (j) by the insertion in subsection (1) after the definition of "Financial Markets Act" of the following definitions:
Sample 1Sample 2

Related to Estate Duty Act

  • Society Act means the Society Act of the Province of British Columbia from time to time in force and all amendments to it;

  • POPI Act means the Protection of Personal Information Act, 4 of 2013;

  • Rail Safety Act means the Rail Safety Act 1998 (WA);

  • Social Security Act means the Social Security Act of 1965 as set forth in Title 42 of the United States Code, as amended, and any successor statute thereto, as interpreted by the rules and regulations issued thereunder, in each case as in effect from time to time.

  • S.A.F.E. act means the secure and fair enforcement for mortgage licensing act of 2008, Title V of the housing and economic recovery act of 2008 ("HERA"), P.L. 110-289, effective July 30, 2008.

  • Occupational Health and Safety Act means the Occupational Health and Safety Act, 1993 (Act No 85 of 1993);

  • Electricity Act means the Electricity Act, 1998, S.O. 1998, c. 15, Schedule A;

  • State Grid Code means the Grid Code specified by the CERC under Clause (h) of Sub-section (1) of Section 79 of the Electricity Act, as amended from time to time, and/or the State Grid Code as specified by the concerned State Commission, referred under Clause (h) of Sub- section (1) of Section 86 of the Electricity Xxx 0000, as applicable;

  • SEBI Act or “Act” means the Securities and Exchange Board of India Act, 1992;

  • Federal act means the federal laws and regulations that

  • the 1997 Act means the Town and Country Planning (Scotland) Act 1997 (c. 8);

  • 1990 Act means the Town and Country Planning Act 1990;

  • the 1991 Act means the Water Industry Act 1991(a);

  • Banking Act means the UK Banking Act 2009, as amended.

  • Federal Power Act means the Federal Power Act, as amended, 16 U.S.C. §§ 791a, et seq.

  • Federal Bankruptcy Code means the Bankruptcy Act of Title 11 of the United States Code, as amended from time to time.

  • Federal Regulations means those federal regulations relating to cable television services, 47 C.F.R. Section 76.1 et seq. (and, to the extent applicable, any other federal rules and regulations relating to cable television, including but not limited to, those described in 47 C.F.R. Section 76.3), or as such regulations may be amended.