My research has shown that large gifts (of any amount) of cash from friends are tax free in Australia, provided that it isn't used to generate income by the receiver. However I've also seen that the max limit is $10,000 per annum. Could someone please clarify? eg. If a friend gifts me $100,000 per year, do I have to pay tax on it?
Howdy @EliseM,
That's right there's no tax on gifted money. 🎉
The $10,000 limit is from Services Australia.
Howdy @EliseM,
That's right there's no tax on gifted money. 🎉
The $10,000 limit is from Services Australia.
There's no tax on gifts regardless of the amount of money. The $10,000 limit may be because it can affect payments from Services Australia.
15 Apr 2026 · 4 min read time
16 July 2025 · 5 min read time
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