P partnership Registered User Messages 540 7 Mar 2020 #1 I understand that Australia does not tax gifts. Would there be a tax liability here if gifting money to someone tax resident in Australia?
I understand that Australia does not tax gifts. Would there be a tax liability here if gifting money to someone tax resident in Australia?
G Gordon Gekko Registered User Messages 7,371 8 Mar 2020 #2 partnership said: I understand that Australia does not tax gifts. Would there be a tax liability here if gifting money to someone tax resident in Australia? Click to expand... There would indeed. Although CAT is levied on the recipient, if either party is Irish resident, it’s within the CAT net. Unless you’re a Non-Dom who hasn’t been resident for each of the last five years.
partnership said: I understand that Australia does not tax gifts. Would there be a tax liability here if gifting money to someone tax resident in Australia? Click to expand... There would indeed. Although CAT is levied on the recipient, if either party is Irish resident, it’s within the CAT net. Unless you’re a Non-Dom who hasn’t been resident for each of the last five years.