PCG 2018/4 – When an Court appointed Executor or Administrator of a Deceased Estate will be treated as having ‘notice’ of a tax liability – safe harbour guidelines for distribution of the Estate without personal liability for tax
On Wed 22.8.2018, the ATO issued Practical Compliance Guideline PCG 2018/4, which one might be forgiven for thinking was about thepersonal liability of a legal personal representative (LPR), of a deceased person’s estate, for the tax liabilities of the deceased, at the time of death. In fact, it is only about when the Commissioner will…