BNR PARTNERS

specialised tax advice

Specialised Tax Advice

our expertise

BNR Partners also provides written opinions on more complex taxation matters where there is uncertainty on the interpretation of taxation legislation in relation to deceased estates and testamentary trusts, or when tax planning is recommended during the Will preparation process. This advice is often used in mediation processes.

Private Binding Rulings

With the variety of estate taxation complexities and uncertainties that exist, it is often in the best interest of the estate and the LPR to seek a private binding ruling as to how the Commissioner would assess a given arrangement or situation.

This is increasingly important where there is uncertainty in relation to tax treatment so as to provide the LPR with certainty on how to report certain events, to be able to manage their exposure to personal liability for income tax post the distribution of an estate’s corpus.

Voluntary Disclosures

BNR Partners regularly attend to voluntary disclosures directly with the ATO on behalf of our clients where uncertainty exists as to the tax history of the deceased, or where there are retrospective compliance issues that the executor has been unable to address satisfactorily and wishes to do so prior to distribution the estate’s corpus.

Testamentary Charitable Trusts

BNR Partners can manage the registration process for testamentary charitable trust endorsements with the appropriate regulatory bodies such as the ATO and ACNC, prepare annual financial reports in accordance with statutory obligations, plus complete and lodge business activity statements and franking credit refund applications.

Specialised tax advice

We provide written opinions on more complex taxation matters where there is uncertainty about the interpretation of taxation legislation in relation to deceased estates and testamentary trusts, and any associated entities of the deceased.

This advice if often used in mediation processes or alternatively, is purely sought by executors and trustees alike to give comfort that the tax issues have been reviewed by a tax professional specialising in this domain.

We can also prepare and lodge private binding ruling requests where it would be in the best interest of the estate and the executor to seek clarification as to how the Commissioner would assess a given arrangement or situation.  Receiving a private binding ruling provides clarity to the executor on how to report certain events whilst managing their exposure to personal liability for income tax post distribution of an estate’s corpus.

presented by bnr partners

conferences and in-house training

Our team regularly presents on the various elements of estate taxation at legal conferences, as well as providing in-house training to both legal practices and trustee companies across Australia. We would be happy to discuss how we may be able to assist you with any conference, seminars or training events on this specialist topic.

Speaking Eventstraining enquiry

This is what some of our happy clients have to say about our services

testimonial

“As an accredited specialist solicitor in Wills & Estates, I work extensively in the areas of estate administration, estate planning and estate litigation.

In the course of my practice, I regularly engage BNR Partners to provide advice on deceased estate taxation issues. It has assisted me from time to time with both simple and complex issues with equal facility and it has always provided a reliable and cost-effective service. The taxation of deceased estates is a specialised accounting area which, in my experience, is well understood by few accountants. BNR Partners are deservedly regarded as an expert in the area.

I have no hesitation in providing this testimonial and recommending the services of BNR in this area of practice.”

GREG RUSSO| PARTNER
ACCREDITED WILLS AND ESTATES SPECIALIST