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They may be taxed in South Africa as the company is registered in South Aftrica. But there is no tax in australia.
The gift here is tax free. Only the income that you receive from the shares in SA will be taxed when you receive it. In Australia all income derived world wide is subject to tax.
But the shares are tax free they are a gift and tax free. The tax she pays for the shares being transferred would not be deductible here.
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