Generally, Capital Gains Tax (CGT) does not apply when you inherit an asset from a deceased estate. However, CGT may be applicable if you, or you as the trustee of the deceased estate, sell an inherited asset.
On 1 January 2025, South Australia underwent a significant overhaul of the laws governing Wills and estates, with the Succession Act 2023 coming into effect.
Winding up a trust is not a decision to be taken lightly, and it involves a series of actions to ensure that the process is completed correctly and in accordance with Australian law.