Death and taxes: taxation issues and consequences that arise on the final frontier

Complex taxation issues can arise on and following the death of a taxpayer, in relation to diverse areas of revenue law, and because of inconsistency between the treatment at general law and taxation law of some of the key relationships that arise on the death of a taxpayer. Another factor is the pr...

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Main Authors: Wilson-Rogers, Nicole, Morgan, Annette, Pinto, Dale
Format: Journal Article
Published: Taxation Institute of Australia 2012
Online Access:http://hdl.handle.net/20.500.11937/33877
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author Wilson-Rogers, Nicole
Morgan, Annette
Pinto, Dale
author_facet Wilson-Rogers, Nicole
Morgan, Annette
Pinto, Dale
author_sort Wilson-Rogers, Nicole
building Curtin Institutional Repository
collection Online Access
description Complex taxation issues can arise on and following the death of a taxpayer, in relation to diverse areas of revenue law, and because of inconsistency between the treatment at general law and taxation law of some of the key relationships that arise on the death of a taxpayer. Another factor is the proposed reform of Div 128 of the Income Tax Assessment Act 1997 (Cth). This article discusses some of the income tax, CGT and superannuation issues, by reference to a case study. The article considers the issues that arise in relation to three distinct phases after a taxpayer’s death, namely, the period between death and administration of the deceased estate, the period during which the executor distributes assets to the beneficiaries, and the period following the asset being distributed to the beneficiary, including an analysis of the issues that arise on the establishment and maintenance of a testamentary trust
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publishDate 2012
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spelling curtin-20.500.11937-338772017-02-28T01:46:27Z Death and taxes: taxation issues and consequences that arise on the final frontier Wilson-Rogers, Nicole Morgan, Annette Pinto, Dale Complex taxation issues can arise on and following the death of a taxpayer, in relation to diverse areas of revenue law, and because of inconsistency between the treatment at general law and taxation law of some of the key relationships that arise on the death of a taxpayer. Another factor is the proposed reform of Div 128 of the Income Tax Assessment Act 1997 (Cth). This article discusses some of the income tax, CGT and superannuation issues, by reference to a case study. The article considers the issues that arise in relation to three distinct phases after a taxpayer’s death, namely, the period between death and administration of the deceased estate, the period during which the executor distributes assets to the beneficiaries, and the period following the asset being distributed to the beneficiary, including an analysis of the issues that arise on the establishment and maintenance of a testamentary trust 2012 Journal Article http://hdl.handle.net/20.500.11937/33877 Taxation Institute of Australia fulltext
spellingShingle Wilson-Rogers, Nicole
Morgan, Annette
Pinto, Dale
Death and taxes: taxation issues and consequences that arise on the final frontier
title Death and taxes: taxation issues and consequences that arise on the final frontier
title_full Death and taxes: taxation issues and consequences that arise on the final frontier
title_fullStr Death and taxes: taxation issues and consequences that arise on the final frontier
title_full_unstemmed Death and taxes: taxation issues and consequences that arise on the final frontier
title_short Death and taxes: taxation issues and consequences that arise on the final frontier
title_sort death and taxes: taxation issues and consequences that arise on the final frontier
url http://hdl.handle.net/20.500.11937/33877