There are very little resources or guidance in the market to either assist professional advisors or support executors in either identifying or managing estate taxation issues. Our management team therefore continue to try and develop new resources to assist people who are seeking to better understand this complex area of taxation.
The two below popular books are written by Ian Raspin, the director of our Estates and Trusts division.
Taxation of Deceased Estates for Estate Practitioners
The book provides the answer to key questions such as the tax responsibilities of executors and when a tax return is required. It addresses a number of fundamental estate taxation issues such as capital gains tax, superannuation proceeds and the concepts of present entitlement.
CGT on A Deceased Residence – A Tax Minefield
One of the largest assets of a typical deceased estate is often the principal place of residence. What is often inadvertently overlooked is that the sale of the residence may trigger a number of Capital Gains Tax issues for the estate. The book explores this minefield and gives clear guidance on how to handle this issue.
The two interviews with Ian Raspin, the director of our Estates and Trusts division by the CPA Australia Sound podcast.
"Taxation of Testamentary Trusts"
CPA Australia Sound Business, interview with Mark Morris, Senior Tax Counsel of CPA Australia
"Family Trust Elections and Testamentary Trusts"
CPA Australia Sound Business, interview with Mark Morris Senior Tax Counsel of CPA Australia