Estate Duty in African Nations

Commentary by Prof. Dr. Daniel N. Erasmus on the article: “Spotlight on Death Taxes Across Africa”

The original article (Spotlight on Death Taxes Across Africa) was first published by Regan van Rooy and follows the commentary.

The article, provides a valuable overview of the current state of Estate Duty in African Nations. Individuals and families need to be aware of the tax implications of their assets and wealth, particularly in the context of estate planning and wealth transfer.

While the article suggests that people should not be overly concerned about Estate Duty in African Nations, it is essential to recognize that tax laws and regulations can vary significantly between countries. As such, individuals and families must consult with tax professionals and legal experts to ensure they are fully informed about the tax implications of their assets and wealth in their specific country.

Furthermore, it is worth noting that tax laws and regulations can change over time, and it is essential to stay up-to-date with the latest developments in tax legislation and case law. For example, Prof. Dr. Erasmus is involved in providing tax education and updates on the latest transfer pricing developments for multinationals in Africa.

The article “Spotlight on Death Taxes across Africa” offers a useful starting point for understanding the current state of Estate Duty in African Nations. However, individuals and families should consult with tax professionals and legal experts to ensure they are fully informed about the tax implications of their assets and wealth in their specific country.

For more commentary on the information provided in articles like this please check our SERVICES, METHODOLOGY and CONTACT US pages.

Citations:

• https://reganvanrooy.com/2023/12/08/spotlight-on-death-taxes-across-africa/
• https://www.linkedin.com/pulse/from-desk-prof-dr-daniel-n-erasmus-academy-of-tax-law
• https://youtube.com/watch?v=u4no-oouafU
• https://pro.bloombergtax.com/tax-advisory-boards/
• https://www.nber.org/papers/w29924
• https://www.linkedin.com/in/danielerasmus
• https://www.ey.com/en_gl/tax-guides/worldwide-estate-and-inheritance-tax-guide
• https://www.law.du.edu/about/people
• https://jefjournal.org.za/index.php/jef/article/view/175/207
• https://www.wits.ac.za/alumni/obituaries/obituary-content-by-year/
• https://www.imf.org/en/Blogs/Articles/2021/11/05/blog-countering-tax-avoidance-sub-saharan-africa-mining-sector
• https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7473237/

ORIGINAL ARTICLE

Old Ben Franklin said that nothing in the world is certain except death and taxes.  Most people find both subjects disagreeable, and generally the two of them together. i.e. taxes due to death, are even worse.

Having worked hard to leave a legacy to one’s heirs, only for a chunk of it to disappear into the government’s coffers, is dispiriting. It can also lead to practical problems for the heirs, such as how to actually pay the tax without selling whatever asset was bequeathed to them in the first place. You as bequeathor may decide that any tax on death is not your problem – but if you actually like your heirs, anticipating the cost and problems caused by death taxes is well worthwhile! – CLICK HERE TO CONTINUE READING>>>