Deceased estate tax services

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.
• 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 are here to support executors and beneficiaries through every step, offering peace of mind that all tax matters are handled with expertise and empathy.

Let us be your trusted partner in navigating the intricacies of deceased estate’s tax requirements and ensure that your loved one’s estate is managed with the utmost care and professionalism.