Increasing numbers of Australians are disposing of significant wealth through their wills. Accountants and lawyers are therefore frequently encountering large estates, where the executors may incur significant taxation liabilities, depending upon how they administer the estate.
In this presentation Michael Flynn, CTA, outlines strategies for minimising tax liabilities that may arise in administering deceased estates. Download Michael’s presentation free below, and read on for a special offer on Estate & Business Succession Planning 2012-13.
Michael’s presentation covers:
- when are beneficiaries presently entitled to estate income?
- tax consequences of realising assets
- varying the terms of a will after death
- obtaining endorsement for estates with tax exempt beneficiaries
- distributing assets to tax exempt and non-resident beneficiaries
- injecting income and capital into testamentary trusts
- CGT main residence exemption
Providing a thorough overview of succession planning laws in every Australian jurisdiction, including updated coverage of the tax consequences of death; wills and powers of attorney; and family law and death, Estate & Business Succession Planning 2012-13 is available for a limited time at 20% off.
Find out more and place your order by downloading the order form [PDF].
The Tax Institute is Australia’s leading professional association in tax. Its 13,000 members include tax agents, accountants and lawyers as well as tax practitioners in corporations, government and academia.