Swans Australia


Inheriting money and assets

There are no inheritance or estate taxes in Australia.

However, you may have tax obligations for the assets you inherit:

Receiving income of a deceased estate

Until the deceased person’s estate is finalised, it may continue to earn income. For example, the estate may have income from a rental property or other investments.

If you become presently entitled to income of the deceased estate, you need to include it in your tax return.

If this happens, the legal personal representative (LPR) of the estate should provide you with the necessary information to complete your tax return.

woman, women, office-2773007.jpg
woman, women, office-2773007.jpg

Receiving a super death benefit

If the deceased person had super, the super fund’s trustee will work out who will receive benefits. Super paid after a person’s death is called a ‘super death benefit’.

The tax on a super death benefit depends on:

To find out about your entitlement you will need to contact the super fund trustee directly.

Some useful links: