Is there inheritance tax in tasmania?
There is no "inheritance" tax in Australia that i am aware of. Most tax laws are administered by the federal government (ATO) and there is no "inheritance" tax in that system. Unless there is some wacky state tax (State Revenue Office) in Tasmania, but i've never heard of it.
There can be Capital Gains Tax implications though in some situations for the estate (not often), and usually for you if you sell any assets inheritated (shares, property etc). Speak to your accountant about the specifics... |
