If you are an executor or administrator of an estate, you
have a duty to act in the best interests of the estate.
You also have an obligation to ensure any personal tax
returns of the deceased and the estate are completed and lodged with the
ATO. Failure to do this will cause delay
in the administration of the estate and potential personal liability to you, if
the estate is distributed without the estate’s taxation obligations being met.
To ensure there is no delay to the administration of the
estate, the executor or administrator, should notify the ATO of the deceased’s
passing. The easiest way to do this is
by completing the ATO’s Notification of a Deceased Person form, which may be
completed online – https://www.ato.gov.au/Forms/Notification-of-a-deceased-person/
Completing this form should ensure the ATO corresponds with
you or your tax agent about the estate’s taxation obligations, so you are best
placed to ensure the estate meets those obligations, and you act in the best
interests of the estate.