Gift Tax Rates 2024 Australia. The threshold above which the top 45% tax rate applies increases from $180,000 to $190,000. The financial year for tax purposes for individuals starts on 1st july and ends on 30 june of.
— in australia, gifts and inheritances are generally not considered as income and don’t require you to pay any australian taxes. Reduced the 32.5 per cent tax rate to 30 per cent.
