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Edited version of private advice
Authorisation Number: 1051934118367
Date of advice: 17 December 2021
Ruling
Subject: Present entitlement
The Commissioner was asked whether the Residuary Beneficiaries or the Trustee would be assessed on 100% of the deceased estate's income and capital gains for the relevant income years.
The Commissioner has ruled on the questions based on the view expressed in Taxation Ruling IT 2622 Income tax: present entitlement during the stages of administration of deceased estates.