Riccardo
Sun Jun 09 2024
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7 answers
1397
How much money can be gifted tax free in Australia?｜In Australia, there are specific limits on tax-free monetary gifts. As of now, the allowable gift limits for money are as follows: .$10,000 per financial year.
Could you please elaborate on the tax-free monetary gift limits in Australia? I'm interested to know the specific allowances allowed for such transactions. To be precise, what is the maximum amount of money that can be gifted tax-free in a single financial year? I understand that it's currently set at a certain figure, but I would like to know the exact number. Is it indeed $10,000 per year, or has it changed recently? Could you confirm this information for me?
