Gift Tax Rates 2024 Australia . — the gift tax limit 2024 is $18000 for the individuals and for spouses together it will be $36000. — the annual gift tax exclusion amount has been adjusted to $18,000 per recipient for 2024.
In addition, gifts from certain relatives such as parents, spouse and siblings are also exempt from tax. — the annual gift tax exclusion amount has been adjusted to $18,000 per recipient for 2024.
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