Beneficiaries
All replies
It depends on whether the property was sold by the executor of the estate within the deceased estate and the funds then distributed to the beneficiaries or whether title to the property had passed to the beneficiaries before being sold. If (as is the more common situation) the property was sold by the deceased estate, then the deceased estate tax return is where the CGT is declared.
Thanks @TaxTalk1234 - I thought I'd add some useful ATO content in for you to read, @Mini.
Have a look under inheriting assets. Capital gains tax may apply if you dispose of an asset inherited from a deceased estate.
A tax agent that specialises in this area can help get things sorted for you as well.
Featured articles
6 Feb 2026 · 4 min read time
24 Aug 2025 · 3 min read time
15 Apr 2026 · 3 min read time