Gift Tax & Centrelink Calculator
Australia doesn't have a gift tax, but gifts affect Centrelink benefits. Calculate how gifting impacts your Age Pension and understand deprivation rules.
Key Facts About Gifting in Australia
✅
No Gift Tax
Australia has no gift tax - you can give money tax-free
⚠️
Centrelink Rules Apply
Gifts over limits affect pension for 5 years
Gifting Calculator
Impact on Centrelink Benefits
Annual Gifting Limit
$10,000
5-Year Rolling Limit
$30,000
This Year's Total After Gift
$15,000
5-Year Total After Gift
$20,000
Centrelink Gifting Rules (2024-25)
| Rule | Single | Couple (combined) |
|---|---|---|
| Annual gift limit | $10,000 | $10,000 |
| 5-year rolling limit | $30,000 | $30,000 |
| Deprivation period | 5 years from date of gift | |
| Assets test impact | Deprived amount counted as asset for 5 years | |
What Counts as a Gift?
Counted as Gifts
- • Cash gifts to family/friends
- • Transferring property for less than market value
- • Forgiving a debt owed to you
- • Adding someone to your property title
- • Selling assets below market value
- • Setting up family trusts
NOT Counted as Gifts
- • Paying your own living expenses
- • Normal family maintenance
- • Child support payments
- • Medical expenses for yourself
- • Buying things at fair market value
- • Gambling losses (though may affect other tests)