| 释义 |
Definition of gift duty in English: gift dutynoun mass nounNZ A tax levied on gifts of money and property that exceed a certain value. wealth transfer was also hit, in the form of gift duty Example sentencesExamples - Although gift duty is history, Work and Income adds gifts of more than $27,000 a year back in when it is calculating if an individual is entitled to a subsidy.
- This means that any movement of funds between the Meat Board and the industry-good body will have no income tax, gift duty, or GST consequences.
- Gift duty currently applies when a person makes gifts totalling more than $27,000 in a 12-month period.
- The abolition of gift duty would open the opportunity to restructure family interests where there were valid commercial or estate planning reasons for doing so.
- A by-product of the abolition of gift duty means people will not go through the annual gifting process.
- The company is exempt from all other provisions of income tax, goods and services tax, gift duty, and any other taxes, levies, or impositions of the inland revenue Act.
- Gift duty is an archaic tax that raises little revenue, but results in significant compliance costs for taxpayers.
- Tax cuts for the rich, the removal of gift duty, employment relations "reform", deregulation, privatisation, all help the ultra-rich, while screwing the rest of us over, redistribute income upwards from us, to them.
- If there is no gift duty, there is nothing in your estate and they can't make that claim against the trust.
- As it stands, any person who gives away more than $27,000 in a year is liable to pay gift duty.
|