What happens if you gift more than $10,000?

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Amounts that exceed these limits are treated as deprived assets for five years from the date deprivation occurs. *$1,000 exceeds the $10,000 per financial year limit and is deprived.

anonymous · Answer 1

Amounts that exceed these limits are treated as deprived assets for five years from the date deprivation occurs. *$1,000 exceeds the $10,000 per financial year limit and is deprived.

What happens if you gift more than $10,000?

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What happens if you gift more than $10,000?

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1 Answer

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