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Testamentary trusts are excellent vehicles. Remember they are trusts, so the beneficiaries don't own the assets so no passing on occurs. Your children can pass control of the trust down the line. And because they are discretionary trusts there is great asset protection if the beneficiaries...

Yep, CGT would only be payable on the sale - with a testamentary or without. Not sure of the cost base though.

My Understanding is that there is no inheritance tax in Australia and that the transfer of the property to the transferree would be stamp duty exempt. There would be no CGT on the subsequent sale if the property was the main residence before and after it was transferred. If it was a rental...