Publication date: 07 Jul 20 |
Source: THE TAX INSTITUTE
The Tax Institute welcomed the release of the Inspector-General of Taxation’s report today into ATO systems and processes for dealing with deceased estates (link to Report).
“The Inspector-General of Taxation’s report offers some practical solutions to help ease the administrative strain around handling tax matters associated with a deceased estate,” said Tax Institute President, Peter Godber CTA.
“The strain was particularly acute when, up until the recent exercise of the Commissioner of Taxation’s remedial power, a tax or BAS agent appointed by a legal personal representative could not access a deceased person’s tax information held in the ATO system. It made it that much more difficult for the legal representative to attend to the tax matters for the deceased estate.
The exercise of the Commissioner’s remedial power to allow agents to access a deceased person’s tax information held in the ATO system was very welcome and a sensible and intended use of the Commissioner’s remedial power in this case.”
“We are pleased to see a number of practical solutions recommended and agreed to by the ATO, including a suggestion made by the Institute for there to be a group of specialists within the ATO equipped to handle deceased estate issues (Recommendation 9),” said Mr Godber.
A link to The Tax Institute’s submission to the review is here.
For more information, please contact:
Kelly Emmerton – Media Contact, The Tax Institute
02 8223 0029
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