VIC Property trust and caveat

Discussion in 'Wills and Estate Planning Law Forum' started by Sebastian Marnie, 11 August 2019.

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  1. Sebastian Marnie

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    Hi there, I'm currently holding a property under my own name as a trustee for my old folks (they are the beneficiary in this property trust) and they are holding a caveat for the property as well.

    As such, I am aware if they pass one day, the property will have to be distributed equally to me and my siblings due to the caveat and this is a property trust whereby parents are the beneficiary.

    Just wondering what are the implications in terms of the inheritance tax / CGT etc for me and my siblings in the future.

    Note: I don't have / hold any other real properties under my name.
     
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