How Much Can You Gift Tax Free 2024 Nz. You may gift assets of up to the value of $8,000.00 per year, for each year in the last 5 years (from when you apply for the subsidy). Gifts given to staff are usually fully deductible and exempt from fringe benefit tax (fbt) where the total cost is less than $300 inclusive of gst.
People can fall foul of this rule by giving money and. The change follows a review of gift duty, which revealed that the compliance costs far outweigh both the revenue it collects and the limited protections it has offered to prevent.