I have been gifted a gold bullion bar(in 2023). The donor has since died. If I sell the gold bar, does anyone have a tax liability?
413 views
413 views1 replies
1 replies
413 views
1 replies
Depends on the value of the bar when gifted. Yes. (probably) you both do. The deceased on gifting the bar to you. And you when you sell. You both may have CGT calculations to make.
Cost base for you is market value of the gold when gifted. Any gain/loss is reported in your tax return. Some information below.
Is the buying and selling of Gold considered a CGT event | ATO Community
All replies
Depends on the value of the bar when gifted. Yes. (probably) you both do. The deceased on gifting the bar to you. And you when you sell. You both may have CGT calculations to make.
Cost base for you is market value of the gold when gifted. Any gain/loss is reported in your tax return. Some information below.
Is the buying and selling of Gold considered a CGT event | ATO Community
Featured articles
15 Apr 2026 · 4 min read time
15 Apr 2026 · 8 min read time