- We inherited some money and want to give it to our Son. – No Gift Tax on the gift to the Son
- My Mum gave her sister $139k is their gift tax – No Gift Tax to sister
- Parents giving money from Overseas to buy House – No Gift Tax although there may be rules about bringing in large sums of money to the country
- I won some money and want to give my mate enough to buy a house – Good friend, what is your email….Just Joking – No Gift Tax
- I wish to sell my home and buy a house for each son – No gift Tax and generally if the house was your main residence you probably will not be liable for CGT.
My daughter has been renting from me for and now I want to sell it to them and give her a portion of the rent she has been paying – Good question and a little complex. OK she has been paying you rent, this is taxable to you. You want to sell the house to them; if you bought this after September 1985 generally you will have to pay CGT. Giving her back some money as a gift – No Gift Tax.