Passing down inheritance without paying taxes: What to know
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Passing down inheritance without paying taxes: What to know
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If you’ve received an inheritance and you’re not sure what to do with it, the most important first step is often to do nothing. Give yourself time to sit with the emotions, especially if the inheritance has come through loss or grief, and take the space to properly understand what you’re receiving. Cash is usually straightforward, but assets like shares or property come with tax considerations that are easy to overlook. In Australia, when you inherit shares or property, you generally inherit the
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