q Estate duty relief

When individuals pass away within a short period of time of each other, and the assets pass from one to another, these assets are currently taxed sequentially on each death. For deaths occuring from 1 January 2006 onwards, estate duty on the subsequent death will be allowed a tax relief of the estate duty payable on the same assets assessed in the earlier death. The tax relief as indicated in the table below is graduated from 25% to 100% depending on the time difference between deaths.

Table 5. Estate Duty Relief