Tax consequences of the death of a partner
The taxation of partnership rules can seem straight forward on the surface, but they can be complicated to apply, particularly when a partner dies. This is because there are a number of rules to consider such as mixed-use assets, depreciation, loss ring-fencing, relationship property, land tax including bright-line, and GST, for example. On top of that it is necessary to consider the death of the individual as well as the impact that has on the partnership. Is it a dissolution or a disposal? Is there relief?
This webinar will provide a refresher on the tax rules applying on the death of an individual and will look at the following topics:
This webinar will be a mix of the technical rules that apply and the use of practical examples to highlight the interplay of some of the relevant tax rules that need to be worked through to assess the tax outcomes for all concerned.
Nola Crafar, Senior Manager, Findex/Crowe, presenting on behalf of TEO
1.25 CPD Hours