Cash can be gifted without triggering CGT as it is not a CGT asset. See TD 2002/25 Example Homer is a resident taxpayer who has saved up some...
Loans can be converted into gifts but gifts cannot be converted into loans. A gift is the transfer of ownership of an asset from X to Y. X would...
How does the tax man treat gifts to tenants? Can they be claimed? Does it depend what the gift is? eg carton of beer (as they handle some home...
A common strategy is to make a gift of money or assets to a related entity for asset protection reasons and even estate planning reasons. This is...
There are many asset protection promoters out there promoting dubious strategies which do not work. One strategy involves gifting ‘equity’ in a...
Under the South Australian Stamp duty laws there is an exemption available for transfers between spouses of properties that are the principal...
Gifting property, including cash, shares or real property, is a great way to achieve asset protection under certain circumstances. If an at risk...
Discretionary trusts are generally started with just $10 or $20. Mostly trusts are established for a trustee to hold shares or property for the...
If a person has a discretionary trust, they can inject money into the trust either by gifting it, or lending it to the trust. It strikes me there...
Do you feel pressured to buy presents for relatives you secretly hate and you know they hate you? I get absolute crap gifts from them (often...
Tax Tip 153: CGT on Gifts and Under-market Value Transfers Sometimes family members may want to gift property to others. This may not be a good...
Hi experts Few years ago my cousin gifted me shares in an unlisted business. Shares were "worth" around $2k. I believe the value was $1 per...
Hi all, I went to a seminar the other day and the speaker says for every Christmas he gives all his tenants a bottle of wine. I can see this...
Hi to all the highly knowledgeable accountants and tax specialists! Just a quick question - I understand there is a 10k rule for gifting per yr is...
There's penty of talk about finding mentors, relationships with them and also the paid variety but the people that are in your life who "mentor"...
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