Inherited Property and Capital Gains Tax

Inherited Property and Capital Gains Tax A capital asset that is inherited through an estate is deemed to be acquired on the day of a person’s death. Capital gains tax (CGT) is generally not due when you inherit the property. Unless an exemption applies, CGT will be due when you sell or otherwise dispose of […]

GIFTING PROPERTY TO FAMILY IN AUSTRALIA AND HOW THE PROPERTY IS TRANSFERRED LEGALLY

Giving property to a family member might be a kind way to support loved ones, however, there are financial and legal responsibilities involved that you must be aware of. This article will discuss the various methods that family members might transfer property to one another, the associated fees and any taxes or liabilities that may […]