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Gold Prospecting
Gold localities & information
Selling gold - how, why, where
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<blockquote data-quote="Hawkear" data-source="post: 675001" data-attributes="member: 4728"><p>Depends what you are giving. Property, shares and some other assets may attract capital gains tax at the time of gifting or transfer. If you are in receipt of a pension there are also limits on how much you can gift per year without consequence to your asset test So would depend on personal circumstances.</p><p>If you are giving nuggets though it is not likely there would be any consequences unless the value of the nuggets is large and you are giving to someone who receives a welfare payment which is reliant on an asset test.</p></blockquote><p></p>
[QUOTE="Hawkear, post: 675001, member: 4728"] Depends what you are giving. Property, shares and some other assets may attract capital gains tax at the time of gifting or transfer. If you are in receipt of a pension there are also limits on how much you can gift per year without consequence to your asset test So would depend on personal circumstances. If you are giving nuggets though it is not likely there would be any consequences unless the value of the nuggets is large and you are giving to someone who receives a welfare payment which is reliant on an asset test. [/QUOTE]
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Gold Prospecting
Gold localities & information
Selling gold - how, why, where
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