Page 1079 - SAIT Compendium 2016 Volume2

ESTATE DUTY ACT
5
3,6048
30
8,0552
55
8,3170
80
8,3324
6
4,1114
31
8,0850
56
8,3187
81
8,3325
7
4,5638
32
8,1116
57
8,3203
82
8,3326
8
4,9676
33
8,1354
58
8,3217
83
8,3326
9
5,3282
34
8,1566
59
8,3229
84
8,3327
10
5,6502
35
8,1755
60
8,3240
85
8,3328
11
5,9377
36
8,1924
61
8,3250
86
8,3328
12
6,1944
37
8,2075
62
8,3259
87
8,3329
13
6,4236
38
8,2210
63
8,3267
88
8,3330
14
6,6282
39
8,2330
64
8,3274
89
8,3330
15
6,8109
40
8,2438
65
8,3281
90
8,3330
16
6,9740
41
8,2534
66
8,3286
91
8,3331
17
7,1196
42
8,2619
67
8,3291
92
8,3331
18
7,2497
43
8,2696
68
8,3296
93
8,3331
19
7,3658
44
8,2764
69
8,3300
94
8,3331
20
7,4694
45
8,2825
70
8,3303
95
8,3332
21
7,5620
46
8,2880
71
8,3307
96
8,3332
22
7,6446
47
8,2928
72
8,3310
97
8,3332
23
7,7184
48
8,2972
73
8,3312
98
8,3332
24
7,7843
49
8,3010
74
8,3314
99
8,3332
25
7,8431
50
8,3045
75
8,3316
100
8,3332
N.B.—Fractions of a year are to be disregarded when using this table.
Example.—Testator, who died on 1 April 1977 left to (a) an annuity or usufruct value R100 per annum, to terminate when (a) attains majority, which will occur, say, at 30 September 1987. This period is found to be 10 years 6 months, but is taken as 10 years.
Present value of R1 per annum for 10 years
R5,6502
Therefore present value of R100 per annum for 10 years
R565,02
SAIT CompendIum oF TAx LegISLATIon VoLume 2 1071