Estate duty : liquidation account reflecting farm at its Land Bank value - value of estate less than dutiable amount - no assesment issued - farm sold at higher figure - SARS issuing estate duty assessment on ground that farm sold in course of liquidation of estate. Sections 1, 5 and 9 of Estate Duty Act 45 of 1955. ED Case 78, judgment of the Cape Special Income Tax Court delivered on 7 June 2002

Authors :

Conradie J

Journal Title :

The Taxpayer

Citation :

(2004) 53 Taxpayer 78

S.A. Legislation :

Estate Duty Act 45 of 1955 s. 1, 5, 9

Subject :

Farm land (Taxation)

Inheritance and transfer tax

Insolvency

This item appears in the following Collection(s)