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Re: Receiving cash gift in multiple transactions

Newbie

Views 46

Replies 1

Hello. My parents transferred me 10k in a financial year as a gift to assist with my home deposit. I'm still short and they are able to send another gift of 10k but it's going to be within the same financial year. Are there any issues if my parents send more than 10k in a financial year as a gift to me? Thank you. 

1 ACCEPTED SOLUTION

Accepted Solutions

Most helpful response

Devotee

Replies 0

No, there are no limits on gifts & there are no taxes on gifts

1 REPLY 1

Most helpful response

Devotee

Replies 0

No, there are no limits on gifts & there are no taxes on gifts