Managing Deceased Estate Tax Return with Deceased Estate Accountant

The deceased estate tax is generally done in two types of tax return lodgements:

  • Till the date of death of the person, the tax return is furnished as an individual tax return
  • A separate tax return is furnished as the deceased estate tax return after the date of death for all the income received thereafter

For tax return purposes, the date of death is considered as the individual tax return itself and in the same manner as is done for a live individual, according to the Australian Taxation Office (ATO) estate tax return compliances.


The treatment of deceased estate is considered as a trust for the purposes of tax. Generally, the trustee is required to lodge the individual tax return for the deceased estate for the financial year from the beginning of the year until the date of the death of the individual. In certain cases, the deceased estate tax return has to be lodged as the trust tax return in every financial year until it is fully administered.

If the administration of the deceased estate is completed in the income year of the date of death then the trust tax return is not required under the circumstances of no beneficiary being currently entitled to the income of the estate or if the estate’s income is below the tax-free threshold for individuals.

How to lodge a deceased estate tax return

To correctly fulfil all the compliances and avoid making mistakes, it is always recommended to get assistance from the deceased estate accountant to file a deceased estate tax in Australia.

With the help of a registered tax accountant, the deceased estate tax return can be lodged fairly and transparently. While filing the ATO estate tax return of a deceased individual, the executor is required to lodge the following:

  • The final income tax return for the individual from July 1 of the income year to the date of the individual’s death
  • The return statement of trust income for the deceased estate

The deceased estate is only liable to pay taxes if it has gained a certain income after the death of the owner. The personal income tax return of the individual and the deceased estate tax return are treated as two separate statements of a tax return.

A trustee is expected to furnish and lodge the deceased estate tax return in the following cases:

  • Any capital gain received by the estate
  • Receipt of dividends
  • Income derived from a withheld tax
  • Income generated or received from associate business or businesses

To escape from the complexity of lodging a deceased estate tax return, seek the help of a professional deceased tax accountant who will do it effortlessly and accurately.

Deceased estate tax return instructions

The trustee of the deceased estate is required to follow certain instructions while filing the deceased tax return within the compliances of the ATO deceased estate tax return. These include:

  • All the required regulations and instructions must be duly complied with by the trustee while lodging the deceased estate tax return
  • Only the income that is received in the estate after the death of the individual must be taken into consideration for the lodgement
  • It is solely dependent on the situation, but in certain cases, the executor may be required to lodge the deceased estate tax return every year until it is fully administered
  • There is always some obligation for the beneficiaries in terms of taxation, which depends on the distribution of the income received or is entitled to be received, like capital gains tax on asset disposal, super death benefits, etc.
  • If you are the entitled beneficiary of a deceased estate, the income arising from the deceased estate is always assessable in the present year in which the entitlement arises and not when the amount is actually received
  • One of the most important points to note is that only paper tax return can be lodged for a deceased person’s estate

To seek for any kind of assistance with the deceased estate accounting and tax return filing, reach out to us at Accountant Perth WA.

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