2024 Agribusiness

Who’s running the farm after you die?

Published Date: 18 Apr 2024

 

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The complexity of estate administration is compounded where a business is involved. From sole traders to partnerships, to sole director/shareholder companies, an authorised legal personal representative (LPR) may find they have to step in and operate a business temporarily during the estate administration.

This session reviews the tax issues that arise for the LPR when the deceased was involved in a business including:

  • Tax registrations
  • Practicalities of running a business including employee issues
  • Trading stock issues for sole traders
  • Partnerships – continuity and elections
  • Indirect tax issues in administering an estate; and
  • Availability of small business CGT concessions.

Details

  • Published By: David Hall CTA
  • Published On:18 Apr 2024
  • Took place at:Stamford Plaza Brisbane

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