My parent has passed away overseas and Her estate will be divided between myself and my siblings
this inheritance will involve sale of Her property then will be distributed from the family trust
From my understanding I do not need to pay tax on a cash inheritance when transferred from overseas, and I only need to pay tax on interest made once money is in Australian bank account.
Hey @Pmm2305
Spot on!
You don't pay tax on inheritance.
You only pay tax if that inheritance produces income. If the estate sells the property and it doesn't actually transfer to you, there shouldn't be any capital gains tax.
Here's some more info on gifts and inheritances.
Hey @Pmm2305
Spot on!
You don't pay tax on inheritance.
You only pay tax if that inheritance produces income. If the estate sells the property and it doesn't actually transfer to you, there shouldn't be any capital gains tax.
Here's some more info on gifts and inheritances.
15 Apr 2026 · 4 min read time
15 Apr 2026 · 8 min read time
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