Tax on Estate - Do Beneficiaries Pay To ATO?

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Jenny B

Member
22 May 2014
1
0
1
Do beneficiaries pay tax on interest earned by an estate while waiting for settlement? If so, when and how is it applied? By the ATO?
 

haiqu

Well-Known Member
12 June 2014
18
4
74
Any income is taxable, and this includes interest on an estate. When and how that is applied is probably best answered by the ATO.
 

winston wolf

Well-Known Member
21 April 2014
424
115
894
Adelaide
changefpa.com.au
The estate is making the money therefor any tax is payable by the estate prior to distribution.