Not an idle question

[fernfurn]

If a person running a single person business occasionally pays the gst but doesnt do tax returns for many years, and then dies, can they come after his live in partner for any of the tax payable. Do the tax dept chase up the tax if someone dies. Really appreciate some general knowledge (or more than) here. Thanks in advance

 

[Propertunity]

As I understand it, it is up to the executor of the will to complete (or at least have completed) financials & tax returns up to date. The estate of the deceased needs to pay its creditors before any distributions to beneficiaries are made.

celica, are you saying that there will still be an amount left owing to the ATO in this instance?

 

[fernfurn]

No, you're right, there would be enough to pay the tax from the original estate from before he got involved with the new partner. You have set our minds at rest, thank you