Tax and Deceased Estates

This webinar focuses on taxation issues during the phases of deceased estate administration.

Australia has an idiosyncratic tax régime for deceased estates, with a combination of pitfalls and concessions for executors and administrators to consider.

This webinar focuses on taxation issues during the phases of deceased estate administration, from will drafting to estate finalization, including on taxation issues associated with testamentary trusts.

Deceased estate and testamentary trust taxation generally

  • General taxation framework of deceased estates and testamentary trusts taxation
  • Present entitlement
  • Tax rates: deceased estates and testamentary trusts
  • Minor tax rates

Estate administration - tax considerations

  • Date of Death and prior year returns
  • Executor liability - PCG 2018/4 - application and limitations
  • Estate taxation process

Testamentary trusts - some specific tax issues

  • Trust taxation process
  • Definition of income - a bespoke approach, power to modify - TR 2012/D1
  • More on income streaming - legislative requirements and restrictions
  • Capital protected trusts and life interests

Capital Gains Tax and deceased estates

  • CGT assets vs non-CGT assets
  • Rollover relief: when does it apply, tax advantaged entities, superannuation fund beneficiaries, non-resident taxpayer
  • CGT and the subject matter of a gift - direction to stream assets
  • CGT and the deceased's PPR - exemption, PCG 2019/5EC

Taxation of superannuation and deceased estates

  • Identifying superannuation death benefits
  • Tax treatment of payment of death benefits to LPR
  • Superannuation streaming and adjustment

Taxation of particular beneficiaries and charitable gift

CPD hours: 1.5
Price: $129 for member, $155 for non-member
Certification is provided upon completion


Presented by: Greg Russo


Greg Russo is a partner at Featherbys Barristers and Solicitors. He is a member of STEP, a LIV Wills and Estates Accredited Specialist and a Member of the LIV Specialist Accreditation Education Advisory Committee and the LIV Wills and Estates Advisory Committee. In the last few years he has organised, chaired, moderated and presented a number of CPD events for the LIV and other CPD event providers, mainly in the area of Wills and Estates.
27/08/2019 11:00 AM - 27/08/2019 12:30 PM
Online, Australia

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