who pays capital gains on inherited shares

Question

 · Accepted Answer

Bruce4Tax · Answer

If the shares of my deceased mother are sold by the executor who pays the capital gains? If estate not wound up in that year - the executor, from the estate. If estate wound up in that year - taxable distribution to beneficiaries (some exeptions) https://www.ato.gov.au/individuals/deceased-estates/doing-trust-tax-returns-for-the-deceased-estate/who-pays-tax-on-deceased-estate-income/

Explore tax & super topicsExplore tax & super topics

About usAbout us