Estate Duty Act definition

Estate Duty Act means the Estate Duty Act, 1955 (Act No. 45 of 1955);’’;
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;
Estate Duty Act means the Estate Duty Act No. 45 of 1955 as amended from time to time;

Examples of Estate Duty Act in a sentence

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • Firstly, the facilitator must disclose the domestic amounts previously not declared to SARS (in terms of the Income Tax Act, 1962 (including donations tax and STC) or Estate Duty Act, 1955) to the extent these amounts were initially accumulated or converted into foreign assets (Clause 8(c)(i)).

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

  • 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).

  • The value of quitrents that are payable for a fixed number of years and which are not redeemable, may be determined according to Table A as prescribed by the Estate Duty Act 45 of 1955 (see Annexure B).

  • Real Time Order Completion and Jeopardy Notification is not proactively issued by USWC.


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:

Related to Estate Duty Act

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