If a South African taxpayer is married in community of property and his spouse passes away on 01 February 2024. How does Accfin calculated the tax on his interest and capital gains tax for the 2025 tax year?
Is there somewhere on Sky from me to put in the spouses date of death? When do I change his status from Married in Community to Unmarried / Widowed?
Answer
- The marital status indicated on the return, must be the status at year end,
This is unmarried /widowed for the surviving spouse ie y/e 28 Feb 2025
COP for the deceased spouse ie y/e 01 Feb 2025
- There is no place to enter the spouses death date or change of marital status during the year
SARS will automatically get this info from home affairs and/or the deceased spouses tax return
- The return and income affected by the status will automatically be pro-rated by SARS either on the original assessment, or by a revised assessment.
- Sky does not cater for the pro-rated calculation
Submit the surviving spouses return and on assessment if the affected income is not pro-rated, then submit an objection with reasoning of the death of the spouse
