Estate taxes

During the very difficult time of a family member passing, dealing with tax is the last thing one wants to do. Unfortunately without completing this process an estate will never end.

Pre and post death income tax can be a complicated process to consider. Over the years we, as tax practitioners, have specialised in assisting Executors in attending to the income tax returns for estates.

Some common mistakes we find when taking over the taxes of an estate:

• Pre and post death tax returns are grouped into the same tax return;
• Capital gains at date of death are not calculated;
• Post death tax returns are not completed prior to finalisation of the estate;

Give us a call if you would like our team to assist.