There are a variety of taxes impacting on estate planning in Australia. Among those that impact on the formulating of an estate plan are:

• Capital gains tax, with 3 key concessions that are often important from an estate planning perspective, ie the main residence exemption, the small business CGT concessions and the rollover concessions for deceased estates;

• Land transfer duty, so often an issue if real estate needs to be sold to fund bequests;

• GST, with separate rules relating to different types of assets;

• Land tax on non-primary production land;

• Federal and state taxes on vacant residential land; and

• Income tax on income retained in a deceased estate.