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  1. #1
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    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
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    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.


 

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