Ronel Williams, National Chairperson of FISA, was interviewed by Personal Finance on the recently released Davis Tax Committee report on estate duty and trusts. Her comments were of a general nature, as FISA is still compiling its formal submission to the Committee until 30 September 2015.
Read the articles below:
(Please also note the error made by Personal Finance in the estate planning comment above:
Existing, incorrect: “However, if the surviving spouse does use some or all of his abatement to offset the calculation on his or her estate duty, his or her estate will forfeit some or all of the abatement in future.”
Ronel’s correction, which was not run:
“However, if the surviving spouse does use some or all of his abatement to offset the calculation on the first-dying’s estate duty, his or her estate will forfeit some or all of the abatement in future.”)