Can a parent give a house as a gift to their kids? If my understanding is correct the sale can be made but for stamp duty purposes has to be at market value? So for eg, sale at 300k but the 300k is never paid as house is a gift but stamp duty must be paid? Is this correct? And would this effect their penson? I would presume Centrelink would still see it as gifting and since you can only gift $10k per yr with a total of $30k in 5 yrs i presume the 5 yrs no pension rule would apply?