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Duties and levies Duties and levies

Gift duty

If you made a gift on or after 1 October 2011 you won't pay a gift duty. If you made a gift before 1 October 2011, you'll need to pay a gift duty in some situations.

You need to file a Gift statement IR196 when:

  • you made a gift before 1 October 2011, and
  • the combined total value of all gifts in any 12-month period is over $12,000.

You need to file an IR196 and pay gift duty to us when:

  • you made a gift before 1 October 2011, and
  • the gift was over $27,000 in any 12-month period.

Gifts are exempt from duty when they're made to:

  • create a charitable trust
  • establish a society or institution for charitable purposes, or
  • aid a charitable trust, society or institution.

Our Gift duty - a guide for legal and tax practitioners (IR195) guide has more information on paying gift duty.