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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.
PDF | 139kb | 39 pages
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.