Update on the Individual Return for Deceased and Insolvent Estates

21 February 2022 – The Guide to the Individual ITR12 Return for Deceased and Insolvent Estates was updated to indicate that the Public Benefit Organisation (PBO) number declared on the ITR12 return will be validated to determine if it was active and applicable for that particular year of assessment.  If the PBO number does not pass the validation, the deduction will be disallowed, and the applicable reason will display on the notice of assessment (ITA34).