Ian Raspin

   

  SME
Session 15.1: Deceased estates - Taxation nirvana or Frankenstein’s monster

Speaker: Ian Raspin, CTA, BNR Partners

It has famously been said that nothing is certain except death and taxes. Death opens the door to many tax concessions. However, the interaction between taxation law (and lore) and deceased estates is complex and often poorly understood. Getting it wrong can turn what could have been taxation nirvana into some kind of monster – all while dealing with grieving families.

This session will cover taxation issues around:

  • Present entitlement and who pays the tax
  • Residency of the estate and foreign resident beneficiaries
  • The main residence exemption; and
  • Specific legacies and life and remainder interests.