Matteo
Sat Jun 08 2024
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7 answers
1609
Do you pay tax on inheritance money from overseas in Australia?｜As an Australian resident, if you inherit overseas assets, , as it doesn't exist here. However, the jurisdiction where the deceased lived or where the asset is located may impose its inheritance tax.you are not subject to an inheritance tax in Australia
Do you need to pay taxes on inheritance money received from overseas in Australia? As an Australian resident, I'm curious about the tax implications of inheriting assets from abroad. Since the inheritance doesn't actually exist in Australia, does that mean I'm exempt from paying any taxes? Or could the country where the deceased resided or where the asset is located still impose inheritance taxes? I'm trying to understand the tax regulations in this situation.
