SAQA All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD: 

Compute the estate duty liability in a deceased estate 
SAQA US ID UNIT STANDARD TITLE
119148  Compute the estate duty liability in a deceased estate 
ORIGINATOR
SGB Banking and Micro Finance 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Finance, Economics and Accounting 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 5  Level TBA: Pre-2009 was L5  15 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Reregistered  2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2024-06-30   2027-06-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
This unit standard is intended for persons who attend to the administration of deceased estates. A person credited with this unit standard will be able to compute the estate duty liability in a deceased estate. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
Prior to attempting this unit standard the learner should be competent in the following:

Unit standards:
  • " Describe different types of equity based investments" (12170)
  • " Describe the different types of interest bearing investments and compare
    these to securities"
  • " Demonstrate and knowledge and insight of the FAIS legislation"
  • " Demonstrate knowledge and understanding of the Capital Gains Tax Act"
  • " Demonstrate knowledge and understanding of the Estate Duty Act"
    and
    Communication at NQF Level 4. 

  • UNIT STANDARD RANGE 
    N/A 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Determine the dutiable estate. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The property and deemed property of the deceased as defined in the Estate Duty Act are defined and valued. 

    ASSESSMENT CRITERION 2 
    Where the marriage is in community of property, the value of the surviving spouse's share of the joint estate in accordance with the valuation provisions and requirements of the Estate Duty Act is determined. 

    ASSESSMENT CRITERION 3 
    The dutiable estate is correctly calculated by adding the value of the net property of the deceased, less the value of the surviving spouse's share where the marriage is in community of property, to the value of the deemed property, less any abatements. 

    SPECIFIC OUTCOME 2 
    Determine the dutiable amount of the estate. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The sum of the liabilities of the estate based on generally accepted accounting practices is calculated. 

    ASSESSMENT CRITERION 2 
    Where the marriage is in community of property, the surviving spouse's share of the liabilities is calculated and deducted based on legal requirements. 

    ASSESSMENT CRITERION 3 
    All other allowable deductions are established and calculated in terms of section 4 of the Estate Duty Act. 

    ASSESSMENT CRITERION 4 
    The net value of the estate is correctly calculated by deducting the liabilities and allowable deductions from the dutiable value. 

    ASSESSMENT CRITERION 5 
    The abatements allowed for deduction in terms of section 4A of the Estate Duty Act are established and calculated. 

    ASSESSMENT CRITERION 6 
    The dutiable amount of the estate is correctly calculated by deducting the abatements allowed from the net value of the estate. 

    ASSESSMENT CRITERION 7 
    The monetary value of any benefit, including the value of any limited interest, due to the surviving spouse is calculated and deducted from the dutiable estate. 

    SPECIFIC OUTCOME 3 
    Calculate and apportion the estate duty payable. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The estate duty payable is correctly calculated at the rates set out in the First Schedule of the Estate Duty Act. 

    ASSESSMENT CRITERION 2 
    Any rebate allowed for successive deaths in terms of the second proviso to the First Schedule of the Estate Duty Act is correctly calculated and deducted from the estate duty payable. 

    ASSESSMENT CRITERION 3 
    Any transfer duty, donations tax and foreign death duties paid that are deductible from the estate duty in terms of the provisions of Section 16 of the Estate Duty Act are calculated and deducted. 

    ASSESSMENT CRITERION 4 
    The apportionment of the estate duty payable to the persons liable for the estate duty is correctly calculated in terms of section 13 of the Estate Duty Act. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • An individual wishing to be assessed (including through RPL) against this unit standard may apply to an assessment agency, assessor or provider institution accredited by the relevant ETQA or an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Anyone assessing a learner against this unit standard must be registered as an assessor with the relevant ETQA or with an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Any institution offering learning that will enable achievement of this unit standard or assessing this unit standard must be accredited as a provider with the relevant ETQA, or with an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Moderation of assessment will be conducted by the relevant ETQA according to the policies and guidelines for assessment and moderation of that ETQA, at its discretion, in terms of agreements reached about assessment and moderation between various ETQAs (including professional bodies). 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • The provisions and requirements of the Estate Duty Act
  • The requirements of the Master of the High Court relating to the administration of the deceased estate
  • Testamentary Law
  • The FAIS act
  • The FICA Act
  • Capital Gains Tax legislation
  • The laws governing Intestate Succession
  • The law of persons and the laws relating to marriage and divorce
  • The laws relating to immovable property, in particular the sale and transfer thereof
  • Investments and taxes and duties
  • Every type and class of asset and liability encountered in a deceased estate
  • Book-keeping and accounting principles
  • The institution's range of products 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO ORGANISING 
    The learner is able to organize and manage self and activities responsibly and effectively when determining the dutiable estate and the dutiable amount. 

    UNIT STANDARD CCFO COLLECTING 
    The learner is able to collect, analyse, organise and critically evaluate information when determining the dutiable estate and the dutiable amount. 

    UNIT STANDARD CCFO COMMUNICATING 
    The learner is able to communicate effectively using visual, mathematical and / or language skills, both orally and in writing, when calculating and apportioning the estate duty payable. 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    UNIT STANDARD NOTES 
    Supplementary information

    The legal requirements of:
  • The Estate Duty Act No 45 of 1955.
  • Testamentary Law
  • The FAIS act
  • The FICA Act
  • Capital Gains Tax legislation 

  • QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  61589   National Certificate: Banking  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2021-06-30  As per Learning Programmes recorded against this Qual 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    1. The Institute of Literacy Advancement 



    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.