Abstract
M.Comm.
The first objective of this dissertation is to establish whether wealth or
capital taxes are relevant to South Africa. If the answer is yes, the further
objective is to identify the various forms of capital and wealth taxes in
order to determine which form of wealth or capital tax would be suitable
in South Africa in the future (refer chapter 2).
The second objective, once the form of capital tax for a future South
Africa is identified, is to determine which assets or, in other words, which
property will be subjected to such a tax (chapters 3-5).
The third objective is to analyse the recommendations contained in the
fourth interim report of the Katz Commission of Inquiry into certain
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aspects of the tax structure of South Africa (hereafter, referred to as the
Katz Commission) and to examine the effect of these recommendations
on the inclusion of property in the deceased's estate which will be
subjected to such a tax (chapter 5).
The fourth objective is to provide the reader with two diagrams which will
enable such person to determine:
whether a deceased person's estate will be subject to estate duty in
terms of the current Act 45 of 1955, as amended (hereafter, referred
to as the Act); and
what an estate consists of (chapter 6).
The fifth objective is to provide the reader with a comprehensive
alphabetical property checklist to enable such person to determine
whether a specific asset should be included in the estate of a deceased
person (chapter 6).