Our Deceased Estate Tax Services Include:
- Preparation and Lodgement of Final Income Tax Returns
We prepare and lodge the deceased’s final income tax return up to the date of death, ensuring all income, deductions, and credits are accurately reported.
- Tax File Number (TFN) Application for the Deceased Estate
Our team facilitates the application process for a TFN for the deceased estate, a crucial step in managing the estate’s tax affairs.
- Estate Tax Return Preparation and Lodgement
We handle the preparation and lodgement of the deceased estate’s tax returns, taking into account the unique aspects of the estate’s tax obligations.
- Financial Statement Preparation for the Deceased Estate
We provide comprehensive financial statement preparation services, offering clarity and transparency for trustees and beneficiaries.
What are the benefits of Deceased Estate Tax Services?
Handling the tax obligations of a deceased estate can be overwhelming. Professional services alleviate this burden, allowing you to focus on other important matters during a difficult time.
Expert advice helps in optimising tax outcomes, such as minimising tax liabilities and maximising benefits for beneficiaries.
Clear financial statements and reports provide transparency for executors and beneficiaries, making it easier to understand the estate’s financial situation.
Tailored advice for specific situations, such as dealing with non-resident beneficiaries, life interest holders, and testamentary trusts.
Tax Advice for Deceased Estates
Our advisors offer specialist tax advice to deceased estates on various matters, including:
- The tax implications of in-specie asset distributions or the disposal of assets and cash distributions by the trustee to the beneficiaries.
- Considerations for life interest holders and remaindermen.
- Guidance for non-resident beneficiaries or resident beneficiaries of non-resident deceased estates.
- Assessment of a deceased estate’s tax residency status and related implications.
- Detailed advice to beneficiaries on the tax consequences of receiving assets or distributions from the deceased estate.
Testamentary Trust Tax Advice
We provide tailored advice for testamentary trusts, which facilitates the honouring of the wishes of the deceased whilst optimising tax outcomes for the beneficiaries.
We understand that managing the tax affairs of a deceased estate can be complex and sometimes overwhelming. Our team is here to support executors and beneficiaries through every step, offering peace of mind that all tax matters are handled with expertise and empathy.
We understand that managing the tax affairs of a deceased estate can be complex and sometimes overwhelming. Our team is here to support executors and beneficiaries through every step, offering peace of mind that all tax matters are handled with expertise and empathy.
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