Contact us Contact us

Posted

Estate Planning


When inheriting a home, most people are aware that if it is sold within two years of the deceased’s passing, no capital gains tax (CGT) is payable. There are also other circumstances where an inherited home can be sold without incurring CGT. However, when it comes to other inherited assets—such as cars, shares, vacant land, jewellery, or artwork—no such exemption applies if these assets are sold by the beneficiary or by the executor during the estate’s administration.


A recent decision by the Full Federal Court around a man’s tragic death by suicide clarified the standing of a de facto spouse in the context of a non- lapsing death benefit nomination on a life insurance policy made by the deceased person.

Related News

Related Blog & Articles

Inheriting a Home
Tax Updates

Inheriting a Home


Downsizer Super Contributions: Dispelling Three Myths
Superannuation/SMSF

Downsizer Super Contributions: Dispelling Three Myths


Seven Key Superannuation Changes in 2025
Superannuation/SMSF

Seven Key Superannuation Changes in 2025