Estate Tax Exemption 2024 South African Government. Estate duty is tax paid on the dutiable estate of the deceased person and is charged at a rate of 20% on the first r30 million, and at 25% on anything over r30. Former finance minister malusi gigaba announced in his february budget speech that from 1 march this year, estate duty would be increased from 20% to 25%.
Understanding how estate duty is calculated is. When an individual dies, there are automatic tax implications that become applicable to that estate.