Duties
Gift duty IR194
(published August 2008)
About this guide
Gift duty is a charge on any gifts over a certain value that one person makes to another. The person who gives the gift is primarily liable for any gift duty due. The person receiving the gift is liable for any gift duty due if the giver does not pay it. However, they may recover the amount paid from the giver.
Adobe Acrobat PDF | 90kb | 15 pages
When to use this guide
Use this guide if you are liable to pay gift duty. 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
