Death And Tax – Part 2 By Titi Adegbile
7.10 PERSONAL INCOME TAX Section I (b) Personal Income Tax Act provides for taxation on income of estates or trusts. Section 16 of the Personal Income Tax Act also provides for taxation on a settlement, trust or estate. 7.11 PAY AS YOU EARN (PAYE) Tax is payable and applicable to employees of a deceased’s estate […]
Putting Your House in Order – Part 3 By Titi Adegbile
A will helps determine the who, what and when of your estate. 1. Exclusion of Rules of Native Law and Custom A will excludes the rules of inheritance under Native Law and Custom, some of which are capable of promoting injustice and gross deprivation amongst siblings and family members. 2. Exclusion of Statutory Rules of […]
