All Topics / Help Needed! / Capital Gains Tax

Viewing 3 posts - 1 through 3 (of 3 total)
  • Profile photo of demkeldemkel
    Participant
    @demkel
    Join Date: 2006
    Post Count: 49
    December 27, 2006 - 9:46 am

    Do you have to pay CGT on a property you inherit and if so when and how much?

    Profile photo of VivekVivek
    Participant
    @vivek
    Join Date: 2004
    Post Count: 6
    December 27, 2006 - 10:39 am

    Hi There,

    I am not an accountant but I believe that the laws related to CGT depend heavily on when the person deceased and when property was acquired (pre or post the introduction of CGT ).

    The ATO web site has a specific section for Capital Gains Tax relating to inheritance – check it out at: http://www.ato.gov.au and select the Indivduals, Capital Gains Tax menu. The section is titled “Gifts, inheritance and deceased estates”.

    Rgds,

    Vivek

    Vivek

    Profile photo of demkeldemkel
    Participant
    @demkel
    Join Date: 2006
    Post Count: 49
    December 28, 2006 - 6:00 am

    Thanks Vivek

    I’ll check it out!

    Regards

    Demkel

Viewing 3 posts - 1 through 3 (of 3 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.