When a person dies and leaves their shares to someone else there is generally no CGT triggered (if resident). Transfer to the LPR and then to the...
Hi there, I have inherited a property in India as per the will of my uncle. The property has about 250k AUD in Capital gains accrued over the...
Hi all I live in Australia and have been in Brisbane for over 30 years. I have an overseas property(Land) that I inherited from my father (when...
CGT will be worked out on an apportionment basis where someone inherits a property that was a rental property of the deceased and then lives in...
The beneficial owner doesn’t necessarily need to be the legal owner. The property could be owned by Person A, but the beneficial owner be Person...
Hi all Not sure if this is the right section, but here goes ... I have 2 young kids, aged 6 and 3. I am aware that each of them stands to...
Some people have no family, no relatives at all. No parents, grandparents, children, grandchildren or aunties or uncles etc. If such a person were...
I don't know where to start or what questions to ask, so please bear with me. Where do I start with the following with the end result to benefit...
Tax Tip 289: CGT on Inheritance left to one person when put into different names Sometimes people don’t realise what they do will have tax...
Someone might leave you a gift under their will when they die. You might not know about this until the executor contacts you in relation to its...
There are a lot of succession cases which involve children inheriting farms. This is because often one child will work on the farm while other...
When making a will the testator should consider the potential effects on the pension of recipients. Mum and Dad might qualify for the pension...
Most readers would probably say yes, all children should be treated equally, but what if: a) There is a large gap in wealth between them? b)...
This I'm sure is a legal + tax question but I'm mulling things over in my brain not to get a specific answer but some ideas and suggestions on...
Hi everyone. I was hoping someone here could give me some advice on how to do this or who to speak to. Will have to get paid professional advice...
**I will preface this by saying that all parties are or will be seeking independent legal advice before actually proceeding with anything. I am...
Hi Two of my younger male cousins just inherited money from the sale of a dead relatives home. They are 20 and 22 and were scared they'd blow it...
Hello PC, I have had the misfortune to be the executor of my father's estate. The estate consists of two properties to share between his three...
relatives inherit a property then are they first needing to pay capital gains tax and tax ? If the same property is gifted to relatives in the...
Would a sibling be entitled to sue for part of an estate left by her only sibling? Will has been made with 2 adult children being beneficiaries. I...
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