Results 1 to 2 of 2
  1. #1
    Join Date
    Aug 2013
    Posts
    1,426
    Thanks
    497
    Thanked
    1,588
    Reviews
    0
    Achievements:Topaz Star - 500 posts

    Default Cash gifts

    Hi
    Can you tell me how much money you can gift someone without it attracting tax for either the giver or the receiver? And would the amount be per person in a couple?
    Thanks

  2. #2
    Join Date
    Oct 2013
    Posts
    6
    Thanks
    0
    Thanked
    0
    Reviews
    0
    Thank you for your question. This is a tricky one to answer because without knowing specifics, I can only give general advice. Only certain types of gifts or transfers are tax deductible and monetary receipts is considered income only when certain conditions are met. I suggest you make an appointment to see a certified tax agent or contact the ATO directly.


 

Similar Threads

  1. Cash cheques
    By loodle in forum General Parenting Tips, Advice & Chat
    Replies: 3
    Last Post: 10-06-2013, 17:04
  2. The end of the Northern Territories cash for cans
    By patsmum in forum News & Current Affairs
    Replies: 2
    Last Post: 28-04-2013, 21:27
  3. Cash for XMAS presents
    By VicPark in forum General Chat
    Replies: 55
    Last Post: 16-12-2012, 09:04

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
free weekly newsletters | sign up now!
who are these people who write great posts? meet our hubbub authors!
Learn how you can contribute to the hubbub!

reviews
learn how you can become a reviewer!

competitions

forum - chatting now
sales & new stuffsee all
Hills Swimming
Swim with your friends and you will all get a 33% discount!* We have programs to suit all ages and abilities, with small classes held in our warm indoor 25 metre pool. Highly qualified teachers, and award winning programs. *conditions apply
featured supporter
Innovations Sports Physiotherapy
Women’s Health Physios who are able to assess and treat a wide range of Pregnancy and Post Natal Issues. We offer Post Natal Pilates Classes taken by our Physios. These classes help you rebuild strength through your Core and Pelvic Floor.
gotcha
X

Pregnant for the first-time?

Not sure where to start? We can help!

Our Insider Programs for pregnancy first-timers will lead you step-by-step through the 14 Pregnancy Must Dos!