LEARN HOW TO CALCULATE THE EAT

If you apply for an estate certificate on or after January 1, 2020:

• You do not need to pay the Estate Administration Tax if the value of the estate is $50,000.00 or less.

• For estates valued over $50,000.00, the Estate Administration Tax is calculated as $15.00 for every $1,000.00 (or part thereof) of the value of the estate.

• The estate value is rounded up to the nearest thousand.

  • • E.g. if an estate is valued at $401,130.00, the tax rate would be calculated on $402,000.00.

• The tax would be calculated on an estate valued at $402,000.00 as follows:

  • • $0.00 for the first $50,000.00;

    • $15.00 for each $1,000.00 (or part thereof) of the value of the estate exceeding $50,000.00.

• For an estate valued at $402,000.00 after January 1, 2020, the total EAT payable is $5,280.00.

If you applied for an estate certificate before January 1, 2020:

• You need to pay:

  • • $5.00 for each $1,000.00 (or part thereof) of the first $50,000.00 of the value of the estate;

    • $15.00 for each $1,000.00 (or part thereof) of the value of the estate exceeding $50,000.00.

• For an estate valued at $402,000.00 (for which an estate certificate was applied for before January 1, 2020), the total EAT payable is $5,530.00.