Inheriting wealth can be a significant life event, but it's important to understand the tax implications in Australia.

Beneficiaries receiving an inheritance must be aware of the potential tax obligations they may face, as this can have a substantial impact on the overall value of the estate.

In Australia, inheritances are generally not subject to a specific inheritance tax.

However, the assets included in the deceased's estate may be subject to other taxes, such as capital gains tax (CGT) and income tax.

The treatment of these taxes can vary depending on the type of asset, the relationship between the deceased and the beneficiary, and the estate planning measures put in place. - https://australiafocusguide.com/blog/inheritance-money-taxed-australia/?unique_id_v15pgpfn

Inheritance Tax Implications for Beneficiaries in Australia: Estate Planning Considerations