Death & taxes : tax-effective estate planning / M. Flynn, M. Stewart.

Pyrmont, N.S.W. : Thomson Reuters, c2014.

6th ed.

86622

Inheritance and transfer tax -- Australia.

Decedents' estates -- Taxation -- Australia.

Tax planning -- Australia.

1. Introduction and overview

2. Tax-effective estate planning

3. Compliance obligations and payment of tax

4. Final year receipts of the deceased

5. Final year expenses and losses of the deceased

6. Assets owned by the deceased at death

7. Final year tax offsets of the deceased

8. Taxation of a deceased estate or testamentary trust

9. Receipts of a deceased estate or testamentary trust

10. Expenses and losses of a deceased estate or testamentary trust

11. Distribution or disposal of assets by a deceased estate or testamentary trust

12. Taxation of beneficiaries on receipts and assets directly received

13. Taxation of beneficiaries on receipts from a deceased estate or testamentary trust

14. Expenses of beneficiaries

15. Taxation of beneficiaries on assets distributed from a deceased estate or testamentary trust

16. Beneficiaries dealing in interests in a deceased estate or testamentary trust

17. Philanthropy and tax-effective estate planning.

Not only does this text have a catchy title, but the authors deliver some, perhaps unintended good news that, from a tax perspective, Australia is a good place to die. We should all be happy that, under the present legislation at least, Australia has no estate or death duties, which is rare when compared to other jurisdictions. Now in its sixth incarnation, this comprehensive text deals with all the taxes that impact on death. This includes detailed consideration of tax-effective estate planning, the process of finalising the affairs of a deceased individual, taxation of deceased estates and testamentary trusts, taxation issues for the beneficiaries of deceased estates, and philanthropy and tax-effective charitable giving. This text is a resource that will be invaluable to those advising on estate planning, wills and the management of deceased estates and trusts.

Table of contents is taken from the published work with the permission of the publisher.

Includes bibliographical references and index.

9780864609120

xxviii, 513 p. : ill. ; 24 cm