Does GST affect an estate?

  • It depends on what assets are in the estate. If the deceased controlled a business which has therefore passed to the estate, then the estate needs to register for GST and put in returns etc. Legal fees of administering the estate will be liable for GST. If real estate is to be sold, the agent commission will be liable for GST. The matter will need to be looked at by your lawyer at the time.
What happens to my debts when I die?
Capital Gains Tax
 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Saturday, 17 August 2019
If you'd like to register, please fill in the username, password and name fields.
LSNSW Scheme

Liability limited by a scheme approved under Professional Standards Legislation