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Death Taxes

Tax

CGT event K3 - Key to estate planning

Bruce Collins, July 13 2021

Australia doesn’t have death taxes – right? - The potential trap of CGT event K3 Generally, where assets pass to beneficiaries through an estate, capital gains are disregarded – as Australia does not have death or inheritance taxes. The one exception is where assets of an estate pass to a tax-advantaged entity such as: an exempt entity; the trustee...

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