Commentary

D9.430 Transfers by personal representatives to a legatee

Corporate tax
Corporate tax | Commentary

D9.430 Transfers by personal representatives to a legatee

Corporate tax | Commentary

D9.430 Transfers by personal representatives to a legatee

A legatee includes1:

  1.  

    (a)     any person taking (either beneficially or as trustee) under a will or on an intestacy or partial intestacy; and

  2.  

    (b)     a person taking as a result of an appropriation towards the satisfaction of a legacy or other interest in the deceased's property.

Where securities are held by an individual at the time of his or her death and are transferred by the personal representatives to a legatee in the interest period in which the death occurs, no payment is deemed to be made or received under the

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