Does australia have inheritance tax?
Be careful, if you are inheriting a deceased estate there may be some tax implications, depending on the assets in question. Speak to a tax accountant or financial planner for current advice. Better yet, speak to at least 2, that way you get a balanced opinion on the issue.
Cheers, L
No. Inheritance tax is generally seen as a poor method of raising revenue - most of the small returns are swallowed up by the cost of administration and collection. Hence why Australia (and New Zealand) scrapped it. The UK still has the tax.
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