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In New Zealand you can gift “people for whom you have natural love & affection” any sum and it will not be taxed. $1k, $100k, $100MM, any amount. A recent (20
by indemnity 8y ago
In New Zealand you can gift “people for whom you have natural love & affection” any sum and it will not be taxed.
$1k, $100k, $100MM, any amount.
A recent (2011) policy change, remains to be seen how it will play out.