FAQs - Personal Representative (Executor)

Q. How do I settle the deceased’s tax affairs up to the date of death?

A. Income that the deceased received and capital gains that he or she made for the period up to the date of death are taxed in the normal way. Any student loan liabilities up to the date of death are also dealt with as normal.
Depending on the circumstances, you may have to pay some tax, settle any outstanding student loan repayments, or claim a tax repayment.

Remember, if you

• distribute the estate without settling the tax liabilities, you may have to pay the tax out of your own pocket
  
• fail to claim a tax repayment due to the estate, you may have to make good the loss to the estate.