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Death and taxes presentation

Member Price: Free
Non Member Price: $15.00

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Published on 20 Sep 12 by VICTORIAN DIVISION, THE TAX INSTITUTE

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 session Michael Flynn, CTA, outlined strategies for minimising tax liabilities that may arise in administeringdeceased estates.

This presentation covers:

  • when are beneficiaries presently entitled to estate income?
  • tax consequences of realising assets
  • arying 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

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
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Individual sessions

Death and taxes

Author(s):  Michael FLYNN

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