Tax Implications Of Gifting Money Australia . What are the Tax Implications on Gifting of Shares? For inheritance, while not taxable, giving significant gifts can have implications on the estate of the giver after their death, potentially affecting the distribution of the estate and inheritance tax implications for the estate How Much Money Can You Receive As a Gift Tax-Free in Australia
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However, there are no inheritance or estate taxes in Australia For example, if you are gifting large sums of money or high-value assets, it's essential to understand how this could affect your eligibility for government benefits, particularly pensions or subsidies.
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