Hi,
I am a pensioner and I intend to sell my existing home and downsize to a retirement home so that i can give some money to my children to help pay for a house deposit. Is there a limit I can give.
Do i have to inform ATO and Centrelink.
Thank you.
Hi @Miso
It's great that you're helping your children out. 😊
There's no limit in you offering a gift to your children so they can buy their first home.
Check out this article that talks about gifts and how they work for tax purposes.
Hi @Miso
It's great that you're helping your children out. 😊
There's no limit in you offering a gift to your children so they can buy their first home.
Check out this article that talks about gifts and how they work for tax purposes.
15 Apr 2026 · 4 min read time
15 Apr 2026 · 8 min read time
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