Awan Hammad

    Hi Campbell

    Re question 1 I agree if a death benefit is paid to a tax dependant being a spouse there is no tax payable on the benefit received.

    Re question 2 I agree the cost base of the shares received is the market value at the date of receipt being $960,000.

    Re question 3 if the deceased person’s member account is in accumulation mode then if the shares are transferred there is capital gains tax payable on the transfer of the shares. As the shares have been held for greater than 1 year the tax rate on the capital gain is 10%.



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