Ask Noel: Is there any gift tax in Australia?

By Noel Whittaker
Updated January 28 2018 - 9:38am, first published January 16 2018 - 8:12pm

In a recent column you said that there is no gift duty in Australia in relation to a gift of "a large amount". I thought there was an annual restriction on gifts of $10,000 a year with a limit of $30,000 over five years and that gifts greater than that did attract some kind of duty or tax.

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