Episode 15: Inheritance tax by another name?

Australia may not have an official inheritance tax, but can death still trigger tax consequences when wealth passes between generations? In this episode, we explore why farming families need to pay close attention to inheritance tax discussions, rising farmland values, estate disputes, superannuation death benefits, and evolving tax reform debates.We discuss the challenges of balancing fairness and equality in farm succession, why your will should not become your succession plan, and the importance of proactively transferring leadership, ownership, and control. Most importantly, we examine how farming families can "control the controllable" and build a succession blueprint that protects both the farm business and family relationships for generations to come.