Inheritance tax in Australia experts

We will take the stress out of dealing with or planning for a deceased estate.  

Deceased estate accountants

We understand when someone passes it can be a difficult and stressful time for everyone involved, and navigating the inheritance taxes can make it even more difficult. The Coleman Financial Group team are here to help make the process as smooth and stress-free as possible. At Coleman Financial Group, we have a team of experts who are knowledgeable in all areas of estate planning. This includes the process of dealing with a deceased individual's estate, including the debts. We have helped many beneficiaries who inherit assets through our years in practice. Our knowledge and expertise can alleviate one less stress for you in this difficult time. 

Deceased estate - COLEMAN ADVISORY

Our deceased estate tax services

Many people ask us is inheritance taxed in Australia? We understand the complexities of inheritance. That's why we offer wide array of services around deceased estates to help you in your individual situation.

Navigating capital gains tax

Coleman Financial Group can help with Capital Gains Tax (CGT) implications of death. Every situation is different and will carry different tax implications for capital gains tax on a deceased estate. For instance, if the deceased had owned any property or shares that had increased in value since they acquired them, then you have to pay capital gains tax on the sale of these assets. Coleman Financial Group can help to work out the capital gains tax liability and advise on the best way to pay it and any deductions you are entitled to.


Deceased Estate Capital Gain Tax written on piece of paper with book and calculator

Superannuation death benefits

The superannuation death benefit can also be complex. If the deceased was a member of a superannuation fund, then the fund may be able to pay a super-death benefit to the beneficiary. However, there are many things to consider when receiving a super death benefit in a lump sum, such as tax and Centrelink implications. Coleman Financial Group can help beneficiaries understand their rights and tax obligations and ensure that they receive the best tax payable possible.


Deceased Estate money growing from coins

Trustee rates

Trustee rates are another important consideration for estate planning. When a person dies, their estate may have to become a trustee of one or more trusts. This involves appointing a trustee and setting up a trust deed. Coleman Financial Group can provide advice on all aspects of trustee rates, including choosing an appropriate trustee and negotiating favourable terms. 


Deceased Estate Trust written on paper and highlighted with a light green highlighter

Forward planning

Do you want to leave your family with a stress-free inheritance? We have helped many people in various situations deal with and plan for their deceased estate. We do this to help you understand and set up the best structure for your circumstances. If you don't set up an estate plan your assets will be equally distributed amongst your immediate family. This can be problematic as the government will control assets for family members under age until they are 18. Without a proper structure and plan, you could leave your family with unnecessary stress and less inheritance.



Forward Planning dice with arrows moving upwards

We understand inheritance tax in Australia

Understanding the Australian paid tax law for an overseas deceased person's estate can be confusing. Estate taxes can already be stressful without considering if the deceased estate had an overseas income stream or asset. Our team are experts in both foreign income and deceased estate tax so we can relieve the stress from you and navigate if tax applies. Every country has different applicable laws for inheritance tax. We can help you understand these tax implications and ensure you are in compliance with the governing body and the ATO while minimising your income tax in the process.


Deceased Estate Inheritance Tax timber toy houses with tax timber text on coin Coleman Advisory

We make it easy for you to understand your tax obligations

Many people are often confused about what they need to pay taxes for when it comes to inheritance tax in Australia. The deceased estate itself generally doesn't trigger inheritance tax in Australia. We can make it clear your tax obligations when you earn income so you can understand what you need to pay inheritance tax for and how this will affect your tax return. Now with the rising cost of living end the end of LMITO it is more important then ever to do your taxes right.


Common questions 

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