Clause 312 - Executor.

Executor tax on estate income: estate income is assessed on the executor with residency tied to the deceased's status.

Estate income is chargeable to tax on the executor, taxed as an individual if single or as an association if multiple, with residency determined by the deceased's status at death. Assessments are separate from the executor's personal tax and cover each tax year or part year from death until full distribution. Income distributed to a specific legatee during a tax year is excluded from the estate's assessment and included in that legatee's taxable income. Representative-assessee provisions apply to executors where relevant, and the clause recognises the executor's right to recover tax paid.