Documents numbered between 100 and 199
Gift duty - a guide for legal and tax practitioners IR195
About this guide
An explanation of gift duty for tax and legal practitioners who are filling in gift statements on behalf of their clients. This guide also includes references to case law and legislation around gift duty.
Adobe Acrobat PDF | 585kb | 39 pages
When to use this guide
Gift duty is imposed by section 61 of the Estate and Gift Duties Act 1968.
Subject to certain exemptions, gift duty is payable to the Crown on dutiable gifts with a total value of more than $27,000 in any 12-month period.
What you will need