Have a Tax Question? Ask a Tax Expert
If you’re an Australian resident, CGT applies to your assets anywhere in the world.
You will need to know the value of the property on the date your mother passed away. This will count as your cost and you would only pay CGT on the difference in cost and sell price (for your portion). You will split the cost and sell price in half for your calculations.
You pay tax on your capital gains. It forms part of your income tax and is not considered a separate tax – though it's referred to as capital gains tax (CGT).
If you have no gain then you would not pay tax on the sell.
Your question about transfer is outside the scope of taxation. You may wish to use your own bank for the transfer. Fees are generally lower.