Friends With Money #190: Inheritance and tax

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Trillions of dollars are set to be inherited over the next decade as part of a huge intergenerational wealth transfer. So what are the tax implications for those involved?

This week on the Friends With Money podcast, Money's Tom Watson is joined by Mark Chapman, director of tax communications at H&R Block, to run through some of the major questions surrounding inheritance and tax.

  • Does Australia have an inheritance tax?
  • What are the tax implications for inherited property?
  • Will inherited shares, cash or super be subject to tax?
  • Does CGT apply to inherited collectibles?
  • Which professionals can provide advice on the subject?  

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Inheritance and tax

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Friends With Money is a weekly personal finance podcast by Money magazine, offering expert insights on investing, budgeting, superannuation, property, and other money strategies for everyday Australians.

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You can listen on Apple Podcasts, Spotify, or YouTube (with closed captions available).

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Episodes are hosted by Vanessa Walker and Tom Watson from Money magazine, featuring expert guests and real conversations about money.

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Tom Watson is a senior journalist at Money magazine, and one of the hosts of the Friends With Money podcast. He's previously worked as a journalist covering everything from property and consumer banking to financial technology. Tom has a Bachelor of Communication (Journalism) from the University of Technology, Sydney. Connect with Tom Watson on LinkedIn.

Mark Chapman is director of tax communications at H&R Block, Australia's largest firm of tax accountants, and is a regular contributor to Money. Mark is a Chartered Accountant, CPA and Chartered Tax Adviser and holds a Masters of Tax Law from the University of New South Wales. Previously, he was a tax adviser for over 20 years, specialising in individual and small business tax, in both the UK and Australia. As well as operating his own private practice, Mark spent seven years as a Senior Director with the Australian Taxation Office. He is the author of Life and Taxes: A Look at Life Through Tax. Connect with Mark Chapman on LinkedIn.
Comments
Nathan Linton
February 14, 2025 9.19pm

Great podcast guys!

Money magazine
Verified
February 18, 2025 8.59am

Thanks for listening, Nathan!

Mario Villazon
February 20, 2025 4.12pm

Thank you for this Podcast. It was very interesting and informative to prepare myself for these issues.