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DUTIES PAYABLE

Stewart F McNab, Barrister

State probate duty

Probate duty in Victoria was abolished on 1 January 1984 for the estates of all persons dying on or after that date. Since 7 June 2000 no formalities are required, even for estates where the deceased died prior to 1 January 1984.

Federal estate duty

This duty was abolished on 1 July 1979. It can be levied only where the deceased died prior to that date, leaving assets to a brother or sister, remote relative or total stranger. Enquiries should be made at the Australian Taxation Office, 2 Lonsdale Street, Melbourne 3000; tel: 13 28 61.

DUTIES PAYABLE :: Last updated: Thu Jul 1st 2010