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What percentage is payable from $5m inheritance?

Posted 18 July 2014

Should I as a South African citizen inherit an estimated amount of $5000000 from a relative abroad, what percentage of tax would be applied or be payable by me?

TaxTim Marc TaxTim Marc said:
18 July 2014 at 0:52

If it is a foreign inheritance then no tax would be payable.

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