Tax with Max: Inheriting a rental property

Working out capital gains tax on an inheritance, further questions about the Commonwealth Seniors Health Card, selling a house and more.

Summary: Someone who has inherited a rental property from their deceased parents faces a different tax situation if the property was bought as tenants in common, compared with a property that was owned jointly. The tax situation also depends on whether the property was bought before or after the introduction of capital gains tax in 1985.


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