What happens in the event of a deceased estate concerning TFN?

In the event of a deceased estate, the role of managing the Tax File Number (TFN) falls to the executor of the estate. The executor is responsible for handling the administrative tasks associated with the deceased person's estate, including tax obligations. This means the executor will need to manage the TFN to ensure all final tax returns are filed correctly and any outstanding tax obligations are addressed.

The TFN is still relevant for the estate as it may need to be used for tax assessments or filing the final tax return for the deceased. It is crucial for managing the tax affairs of the estate until all obligations have been settled. Consequently, the executor must handle this aspect appropriately to comply with taxation laws and to fulfill their duties in managing the estate effectively.