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?
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05-12-2013 13:08 #1
22-01-2014 13:27 #2Finance & Budget Expert
- Join Date
- Oct 2013
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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