Death and taxes: taxation issues and consequences that arise on the final frontier
MetadataShow full item record
Complex taxation issues can arise on and following the death of a taxpayer, in relation to diverse areas of revenue law, and because of inconsistency between the treatment at general law and taxation law of some of the key relationships that arise on the death of a taxpayer. Another factor is the proposed reform of Div 128 of the Income Tax Assessment Act 1997 (Cth). This article discusses some of the income tax, CGT and superannuation issues, by reference to a case study. The article considers the issues that arise in relation to three distinct phases after a taxpayer’s death, namely, the period between death and administration of the deceased estate, the period during which the executor distributes assets to the beneficiaries, and the period following the asset being distributed to the beneficiary, including an analysis of the issues that arise on the establishment and maintenance of a testamentary trust
Reproduced with permission from THE TAX INSTITUTE, publisher of Taxation in Australia http://www.taxinstitute.com.au
Showing items related by title, author, creator and subject.
Guthrie, Rob; Meredith, Frances (2007)This article considers the issues that arise when a worker becomes incapacitated for work and the contract of employment is put in peril by reason of long-term absence from work. The doctrine of frustration of the contract ...
Maternal death and the onward psychosocial circumstances of Australian Aboriginal children and young peopleZubrick, Stephen; Mitrou, F.; Lawrence, David; Silburn, Sven (2011)This study sought to determine the social and emotional impact of maternal loss on Aboriginal children and young people using data from the Western Australian Aboriginal Child Health Survey (WAACHS). Data were from a ...
Desire for hastened death in patients with adanced disease and the evidence base of clinical guidelines: a systematic reviewHudson, P.; Kristjanson, Linda; Ashby, M.; Kelly, B.; Schofield, P.; Hudson, R.; Aranda, S.; O'Connor, M.; Street, A. (2006)Desire for hastened death in patients with advanced disease and the evidence base of clinical guidelines: a systematic review.Patients' desire for hastened death within the context of advanced disease and palliative care ...