Inheritance and tax
Trillions of dollars are set to be inherited over the next decade as part of a huge intergenerational wealth transfer. So what are the tax implications for those involved?
This week on the Friends With Money podcast, Money's Tom Watson is joined by Mark Chapman, Director of Tax Communications at H&R Block, to run through some of the major questions surrounding inheritance and tax.
- Does Australia have an inheritance tax?
- What are the tax implications for inherited property?
- Will inherited shares, cash or super be subject to tax?
- Does CGT apply to inherited collectibles?
- Which professionals can provide advice on the subject?
friendswithmoney #tomwatson #markchapman #inheritance #tax
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