I wish to assist my daughter in Australia buying a property, it looks like currency fare or similar is secure to lodge into her Australian account, the funds would be coming from my bank account here and sent via currency fare to my daughter,a Australian Bank account. Are there any tax implications I should be aware of. The threshold for gifting will not be reached.
Has anyone any idea what is happening? I’ve been unable to access money I sent for conversion on 16th May. The automatic response email has been disabled since Friday and no one answers phone calls. Even my threat last Friday to notify the regulatory authority has failed to elicit a response…