Advisers Answer A Question About Giving Property As A Gift

This week we get four advisers to respond to the following question from Henri in Wollongong...I’m aware of gift tax re cash, but what is the rule re giving property, say a unit as a wedding present to a son. What should I take into account?

Henri in Wollongong, NSW

 

Read the response of Cara Brett from Bounce Financial in Fortitude Valley, QLD, here

 
Read the response of Adam Lai from Cooper Reeves in Salisbury, QLD, here

 
Read the response of Lyle Filer from Lighthouse Partners in Cairns North, QLD, here

 
Read the response of David Linco from Davlin Financial Planning in Thornleigh, NSW, here

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