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Brisbane-Lawyer
Brisbane-Lawyer, Solicitor - Admitted 2005
Category: Australia Law
Satisfied Customers: 14361
Experience:  I did my law degree at the University of Queensland
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How much money can I give away to my children. I am selling

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How much money can I give away to my children. I am selling my house and moving into one of my kids houses
How much money can I give away to my children. I am selling my house and moving into one of my kids houses

There is no limit on how much money you can give to your children.

Should you have any other questions, please let me know.
Customer: replied 4 years ago.
are there tax implications to giving the money away though
No, there isn't, But unfortunately you don't get a deduction from the ATO for making gifts.

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