Description

Tax issues arising on death and how to plan for them

An individual’s death can trigger onerous and often unexpected tax liabilities. This webinar is Part Two of a two-part series and will provide attendees with a broad understanding of how an individual’s death may affect different legal entities or business structures.

Topics covered will include:

• An outline of the effect of an individual’s death for different entities or structures, including companies, partnerships and look-through companies
• How death affects shareholder continuity for a company
• Tax compliance issues that arise as a result of death in practice
• Estate and succession planning and ensuring that a business structure does not create an undesired tax outcome on death of an individual

ORIGINAL BROADCAST DATE

17 November 2020

LEARNING OUTCOMES

The death of an individual can have wide-reaching effects on their financial and business interests with flow on taxation consequences.
This webinar will provide attendees with a broad understanding of the general income tax and GST rules applying to different legal entities and business structures. It will also enable attendees to more effectively advise their clients in relation to estate and succession planning and identify any “red flags” with the use of particular business structures.

SUITED TO

• Accountants of all levels, particularly those advising clients on estate and succession matters
• Lawyers advising on wills, trusts, succession and other estate matters
• Other professionals providing executor, trustee or other estate related services

PRESENTER

Greg Neill, Partner – Tax Advisory, Findex presenting on behalf of TEO