Despite the best of intentions, sometimes a deceased can leave behind a number of messy tax affairs. This troubleshooting session explores how to clean up tax liabilities and other nasties in a deceased estate, as well as how to avoid these tax nasties from occurring in the first place. It covers:
Tax strategies pre-death:
Tidying up Div 7A loans and application of debt forgiveness rules
Should you forgive UPEs and soak up carry forward losses now?
Should you bring forward CGT events?
Tidying up tax nasties post-death:
Section 109RB - applying for the Commissioner’s discretion
Tax obligations of executors and other legal personal representatives
ATO guidance in PCG 2018/4 Income tax - liability of a legal personal representative of a deceased person
Case study: Troubleshooting a Div7A breach identified post-death
David is an Accredited Tax Law Specialist – one of only five in QLD, and a Chartered Tax Adviser. He has over 20 years’ experience acting for taxpayers of all types including individuals, SMEs, and listed and unlisted public companies across all aspects of tax law.
He has been named in Best Lawyers Australia for Tax Law and recognised by Doyle’s Guide since 2015 as a Leading Tax Lawyer.
This webinar is suitable for accountants and lawyers advising in estate planning matters – Australia wide. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge.
If you need assistance or have an enquiry, please do not hesitate to contact our Webinar Coordinator, Lisa Tran on (03) 8601 7709 or email: [email protected]