Description
Death & Taxes: Tax Effective Estate Planning Seventh Edition is a rigorous and accessible guide to the tax consequences of death in Australia, including income tax, CGT, GST, state and territory duties and land tax. This work will help you to plan and prepare better outcomes for your clients through an enhanced understanding of the impact of tax laws on all assets controlled by an individual at death.
Death & Taxes: Tax Effective Estate Planning provides a consolidated guide to managing the affairs of the deceased and will give you the confidence to advise on estate planning and the tax consequences of death.
The Seventh Edition incorporates new developments across a wide range of areas of tax law since 2014, including:
- New rules for taxing distributions from testamentary trusts to minors
- Practical Compliance Guideline PCG 2018/4 about tax liabilities of legal personal representatives
- Practical Compliance Guideline PCG 2019/5 about extending the main residence exemption beyond 2 years after death
- New CGT and GST withholding obligations on legal personal representatives who sell properties.
Death & Taxes: Tax Effective Estate Planning Seventh Edition is an indispensable reference for all who advise on estate planning, wills and management of deceased estates and testamentary trusts including solicitors and barristers, executors and trustees, accountants, tax agents, and financial planners.
Table of Contents
Preface
Acknowledgments
Glossary
Abbreviations
Table of Contents
Part 1 Introduction, overview and estate planning
Part 2 Finalising the tax affairs of a deceased individual
Part 3 Taxation of deceased estates and testamentary trusts
Part 4 Taxation issues for beneficiaries of deceased estates
Part 5 Philanthropy and tax-effective charitable giving
Table of Statutes
Table of Cases
Rulings and determinations table
Appendix 1: Useful contacts
Appendix 2: Tax rates
Index
Accounting