How Much Can You Gift Tax Free 2024 Australia

How Much Can You Gift Tax Free 2024 Australia. Your payment may be affected if you gift more than the value of the gifting free area each year. You can choose to give away any amount and as many gifts as you like.

If you give away your income or assets, they may still count towards your income and assets tests. As of now, the allowable gift limits for money are as follows: