Lucia
Tue May 28 2024
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7 answers
1400
How much money can be gifted tax free in Australia?
Could you please enlighten me on the tax-free threshold for gifting money in Australia? I'm curious about the specific amount that one can transfer without attracting any tax obligations. Is there a limit set by the Australian government, and if so, what is it? Additionally, are there any conditions or exemptions that may apply to such gifts? It would be greatly appreciated if you could provide a concise yet informative answer to this inquiry. Thank you in advance for your assistance.
