Parke Lawyers

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A curated legal knowledge centre from the lawyers at Parke Lawyers — authored, reviewed and maintained in plain English. Browse by practice area or search the full library.

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Dividend Reinvestment Plans and Deceased Estates: The Hidden Capital Gains Tax Trap

A practical Australian guide for executors, beneficiaries, accountants and advisers on dividend reinvestment plans (DRPs) in deceased estates — how DRPs operate after death, Division 128 rollover, why rollover relief does not apply to post-death DRP shares, cost base consequences, CGT on transfers to beneficiaries and on sales by executors, estate income tax returns, record keeping and the executor mistakes we see most often.

17 min readReviewed by JIM PARKE, Lawyer & Chartered Accountant
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Capital Gains Tax in Deceased Estates: Common Executor Mistakes

A practical Australian guide for executors, beneficiaries, accountants and advisers on capital gains tax in deceased estates — Division 128 rollover, the main residence exemption, investment property, shares and post-death DRP units, in specie transfers, testamentary trusts, cost base record keeping and the executor mistakes we see most often.

16 min readReviewed by JIM PARKE, Lawyer & Chartered Accountant
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When Is an Estate Income Tax Return Required?

A practical Australian guide for executors, beneficiaries and accountants on when a deceased estate must lodge an income tax return, when one is not required, how the estate return differs from the deceased's final personal return, estate TFNs, executor obligations, common mistakes and penalty risks.

14 min readReviewed by JIM PARKE, Lawyer & Chartered Accountant
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Who Pays Tax on Estate Income in Australia?

A practical Australian guide for executors, beneficiaries, accountants and family members on who pays tax on estate income during administration — the administration period, executor obligations, beneficiaries presently entitled, trustee assessment, interest, dividends, rent, capital gains and testamentary trusts.

16 min readReviewed by JIM PARKE, Lawyer & Chartered Accountant
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What Happens to a Company When a Director or Shareholder Dies?

A practical Australian guide for executors, surviving directors, shareholders, accountants and family business owners on what happens to a company when a director or shareholder dies — ASIC, transmission of shares, sole director companies, replacement directors, the company constitution, shareholders agreements, buy/sell agreements and estate administration.

14 min readReviewed by JIM PARKE, Lawyer & Chartered Accountant
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Redundancy in Australia: Genuine Redundancy, Consultation and Employer Risk

A practical Australian guide for employers on redundancy — what makes a redundancy 'genuine' under section 389, consultation obligations under modern awards and enterprise agreements, redeployment, selection criteria, redundancy pay and notice, sham redundancy and the interaction with unfair dismissal and general protections claims.

18 min readReviewed by JIM PARKE, Lawyer & Chartered Accountant
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