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TopSahara

7,597 Posts.

500

09/04/22

10:15

Post #: 60755715
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Originally posted by gearset: ↑

I wonder how this will work in practice?

Will goods, land and buildings become the property
of The Crown, or will the family of the deceased be
forced to liquidate the assets and provide the proceeds
to The Crown with any shortfall from the ATO valuation
being made up by the family?

Standby for 60 Minutes to present a grieving, recent,
widow having her front door kicked in by the thugs
from the ATO so they can sift through the house
to make the Death Duties Assessment. This is what
used to happen. (except for the door being kicked in)

This is a gift for the LNP if they have the guts to
create the emotive advertising.

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Yes what about if a farmer leaves the family farm to one of his sons, most times they would have to sell the farm to pay the tax.
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