Inheriting and selling shares

 Author: YellowPotato(Taxicorn)Taxicorn

19 Mar 2026

You need to work backwards to find the cost base. The deceased estate should have been passing the cost base information or the cost base information should have been requested from the estate

• https://www.ato.gov.au/individuals-and-families/investments-and-assets/capital-gains-tax/inherited-assets-and-capital-gains-tax/how-cgt-applies-to-inherited-assets#ato-Keepingrecordsofinheritedassets

Worse case scenario assume market value on day of acquisition date (likely original purchase date or if pre-cgt on date of death, then market value on date of death)

• https://www.ato.gov.au/individuals-and-families/investments-and-assets/capital-gains-tax/inherited-assets-and-capital-gains-tax/cost-base-of-inherited-assets

Worst case scenario is cost base of 0

https://community.ato.gov.au/s/question/a0J9s0000001uQ7/p00167127

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