FRIENDS WITH MONEY PODCAST | PROPERTY | SHARES | SUPERANNUATION

Friends With Money #190: Inheritance and tax

Hosted By

Tom Watson

Guests

Mark Chapman

Published

February 12, 2025

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?

Listen on Apple Podcasts

Listen on Spotify

Subscribe on YouTube for closed captions

Get stories like this in our newsletters.

What is an audit?

By Mark Chapman

Exactly what is an audit? H&R Block's director of tax communication, Mark Chapman, explains.

how to lodge a dispute with the tax office

How to dispute a decision by the tax office

By Mark Chapman

So, you've been audited by the ATO, now it is demanding you pay more tax. But you think the ATO has got it wrong.

Tom Watson

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.

Mark Chapman

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.

Comments

Nathan Linton

February 14, 2025 9.19pm

Great podcast guys!

Money magazine

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.