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Estate & trust tax articles
This resource centre contains technical commentary and updates on deceased estate and trust taxation in Australia. It is intended for legal practitioners, trustee companies and advisers dealing with complex estate administration and compliance matters.
These articles are not intended to be and should not be used as a substitute for taking taxation advice in any specific situation. The information in these articles may be subject to change as taxation, superannuation and related laws and practices alter frequently and without warning.
You can also view the articles as an indexed list below
47. Student loans and death
The balance of a student loan of an individual (like HECS, now HELP) is not an amount which is required to be paid by the estate of that person.
46. Tax losses and capital losses
Enquiries made of us suggest that there may be some confusion about the use of losses in the context of a deceased estate. You should bear the following points in mind.
45. Interest payable on testamentary gifts
We have been asked many times about the tax consequences of the payment of interest on estate gifts.
44. Adjacent land
Many people fail to recognise that they may have a CGT liability in respect of a deceased individual’s main residence if the property exceeds 2 hectares.
43. Medicare levy
A LinkedIn post that has been widely viewed by our audience was in regards to the Medicare levy.
42. Removal of Special Purpose Financial Statements for certain ‘For-Profit’ private sector entities
The Australian Accounting Standards Board (AASB) released an amended accounting standard AASB 2020-2 which came into effect from 1 July 2021.