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  1. JIT

    Tax on Inheritance

    Thanks for the reply. How will a testamentary trust make a difference in the above situation?
  2. JIT

    Tax on Inheritance

    Thanks for the clarifications. With the above scenario of inheriting rental properties... Do you mean the kids pay CGT on the difference between the valuation when they inherit the property and the eventual the sale price? What about the capital gain the parents had up until the time...
  3. JIT

    Tax on Inheritance

    Hi there, If a child inherit's their parents' PPOR, do they have to pay any tax upon receiving this inheritance? Presumably the asset gets transferred to the child's name at this time? What if the child then decides to sell this property straight away, is there any CGT on sale? What...
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