Nz updating master tax guide
You also need to be careful of making a gift payment continuously where it has the perception of Income.
For example you rent your mothers investment house and pay below market rent and then gift her money every month this may be construed as a payment in lieu of rent and hence takes on the feel of Income and will be taxed accordingly.
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In Australia, as an individual, we are generally taxed by the Australian Taxation Office on income that we receive from providing services i.e. We can also be taxed for our investments such as interest earned in a bank account or Dividends received because we own some shares, these are classed as income. This is a tax on increases in investment Assets such as shares or property.
As a general rule if the Gift is not covered in the above situation then it will not be subject to income tax. So there is a great word called NEXUS that the ATO like to use for many things.
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