Money Doesn’t Come Without Guidance ...
Under Australian law there are no death duties, however, income and some capital transactions may be taxed as a result of a person’s demise. Tax consequences may differ from the perspective of the:
There are a number of phases of supervision of a deceased estate. These include the following:
An executor of a deceased estate has certain taxation responsibilities both on behalf of the deceased person and the deceased estate. Some of the responsibilities include:
Any tax liability that may arise as the executor of an estate is independent of the executor’s
personal tax liability.