Live Webinar: Following the CGT Trail After Death: Tax Outcomes, Timing and Planning Traps

Death does not eliminate capital gains tax issues — it simply changes who inherits them, when they arise and how costly they become. With the proposed CGT reforms and new trust tax measures set to reshape post-death planning, advisers must carefully navigate the movement of assets from deceased person to estate to beneficiary. This practical session follows the tax trail after death and examines the strategic decisions that can significantly affect the ultimate tax outcome. It covers:

• Applying section 128 ITAA 1997 when assets pass to the legal personal representative or beneficiaries
• Establishing inherited cost bases and maintaining defensible records for post-death disposals
• The difference between assets “passing” to beneficiaries versus being sold by the estate — and why timing matters
• How the proposed CGT reforms may affect post-death asset planning and disposal strategies
• Whether assets are better sold before death, within the estate or after transfer to beneficiaries
• CGT implications for testamentary trusts, including the impact of the proposed 30% trust tax measures
• Managing post-death tax outcomes where beneficiaries are non-residents or under disability
• The ongoing treatment of pre-CGT assets following death and subsequent disposal
• Land tax and stamp duty consequences arising from estate property transactions
• Practical examples involving family homes, investment properties, listed shares and testamentary trust structures