How Much Can You Gift Tax Free 2024 Nz. For gift duty on any gifts made before 1 october 2011, the ird's guide on the ird website is helpful. The 2023 wealth tax triggered at net wealth of over.


How Much Can You Gift Tax Free 2024 Nz

New zealanders have enjoyed relative freedom to make gifts without tax consequences since the abolition of gift duty in 2011. The 2024 gift tax limit (also known as the gift tax exclusion) increased to $18,000 this year from $17,000 last year.

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