imho, you mentioned confusion looking at ATO website, well that's probably NOT the best place to be looking.
Correction to Pecora - you can gift up to $10k per financial year to a maximum of $30k in any rolling 5 year period. Anything over that is counted as a 'deemed' asset for the next 5 years. These limits apply to singles and couples alike.
Gifts to your spouse are not caught under these rules though.
i hope that helps. Me, I'd speak to someone that knows what they are talking about, or at least start with the FIS Officer at the local Centrelink office. but that's just my thoughts....
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imho, you mentioned confusion looking at ATO website, well...
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