shopping_cart

Your shopping cart is empty

Death and taxes paper

Member Price: $57.00
Non Member Price: $75.00

DisclaimerThis material is copyright. Apart from any fair dealing for the purposes of private study, research, criticism or review, as permitted under the Copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.
Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

Published on 14 Nov 12 by VICTORIAN DIVISION, THE TAX INSTITUTE

The current significant level of inter-generational wealth transfers makes Death & Taxes a highly relevant topic. In this paper,  Michael Flynn, CTA will discuss issues that may arise in administering deceased estates. Michael addresses the following topics:

  • when are beneficiaries presently entitled to estate income?
  • Commissioner of Taxation recovering estate tax liabilities personally from executors (Barkworth Olives Management)
  • tax consequences of realising assets
  • varying the terms of a will after death
  • CGT event K3 and distributing assets to tax exempt and nonresident beneficiaries.

Author profile

Michael Flynn KC CTA-Life
Photo of author, Michael FLYNN Michael Flynn KC, CTA (Life), is a Barrister at Owen Dixon Chambers West, specialising in taxation, and was National President of The Tax Institute in 2014. Michael has appeared in many leading taxation cases in the Federal Court and the High Court and has been a member of various committees of The Tax Institute over the past 25 years. - Current at 30 November 2023
Click here to expand/collapse more articles by Michael FLYNN.

 

Individual sessions

Death and taxes

Author(s):  Michael FLYNN

Materials from this session:

Further details about this event:

 

Copyright Statement