Disclosure Statement: Durand Financial Services Pty Ltd and its advisers are authorised representatives of Fortnum Private Wealth Ltd ABN 54 139 889 535 AFSL 357306. General Advice Warning: The information contained within this website does not consider your personal circumstances and is of a general nature only. You should not act on it without first obtaining professional financial advice specific to your circumstances.
(Australian Associated Press)
The tax office is setting up a dedicated unit to help people navigate the complex area of deceased estates.
Responding to a review into death and taxes, the Australian Taxation Office acknowledged it could be a difficult time for relatives, executors and appointed agents, who may be grieving the loss of a loved one while finalising their estate.
The agency has agreed to a number of review recommendations, including allocating specialists within the ATO equipped to handle deceased estate issues.