Transcription of CHAPTER 23 ESTATES IN ADMINISTRATION - …
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CHAPTER 23 ESTATES IN ADMINISTRATION - …
Tolley Exam TrainingTRUSTS AND ESTATES CHAPTER 23 Reed Elsevier UK Ltd 2015251FA 2015 CHAPTER 23 ESTATES IN ADMINISTRATIONThis CHAPTER will cover: The legal background to deceased ESTATES ; How the deceased is taxed in the year of death; How Executors pay tax on income during the ADMINISTRATION period; How beneficiaries pay tax on income from BackgroundExecutors are appointed by the deceased in the will. At the date of death, the assets of the deceased pass to the Executors. The Executors take legal ownership of the assets at the date of death, although this will be formally recognised once the Executors have obtained grant of Executors have a number of duties and responsibilities under English Executors must determine the assets and liabilities of the deceased at the date of death.
Tolley® Exam Training TRUSTS AND ESTATES CHAPTER 23 © Reed Elsevier UK Ltd 2015 253 FA 2015 tax return. This will include interest and …
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