Gifting

What a gift is

It’s a gift if both of these apply:

• you sell or transfer an income or asset
• you get less than its value or nothing in return.

It’s not a gift if both of these apply:

• you sell or transfer an income or asset
• you get money, goods or services to the same value.

We call it adequate consideration when you get money, goods or services to the same value.

Watch our video to learn more about gifting.