News

Gifting programmes under investigation

Wednesday 30th of September 1998
Recent comments by the Inland Revenue Department will have far-reaching and significant implications in the area of gifting, particularly to family trusts, Guardian Trust business development manager Mark Cassidy says.
Under trust law $27,000 a year can be gifted to a trust each year and be free from gift duty. This has been an effective way for people to transfer assets to a trust, however it...
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