![]() You are free to copy, adapt, modify, transmit and distribute this material as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products). © Australian Taxation Office for the Commonwealth of Australia If you feel that our information does not fully cover your circumstances, or you are unsure how it applies to you, contact us or seek professional advice. The tax is based upon a beneficiarys right to receive money or property which was owned by the decedent at the date of death. Make sure you have the information for the right year before making decisions based on that information. Some of the information on this website applies to a specific financial year. If you follow our information and it turns out to be incorrect, or it is misleading and you make a mistake as a result, we will take that into account when determining what action, if any, we should take. There’s no inheritance tax at the federal level, and how much you owe depends on your relationship to the descendant and where you live. ![]() We are committed to providing you with accurate, consistent and clear information to help you understand your rights and entitlements and meet your obligations. Work out if there is tax on money or assets you inherited, or are presently entitled to. To find out about your entitlement you will need to contact the super fund trustee directly.
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