Life Interests Testamentary Trusts

INHERITED A PROPERTY? WHAT IS NEXT?

The inheritance of a property can be complex.

What to do with the property and how that will be treated for income tax purposes can be difficult to ascertain.

How the property was utilised by the original owner can affect the cost base of the property for the new owner.

The team at Langley McKimmie can help you work through the implications on:

  • Living in the property yourself
  • Renting out the property
  • Disposing of the property

The content within these articles was correct at the time of writing. Please contact us for updated information and advice. 

We provide accounting and wealth management services to clients in Woodend, Gisborne and Macedon Ranges areas within Victoria Australia.

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