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Gift Duty

Gifts made on or after 1 October 2011 are no longer liable for gift duty and you no longer need to file any documents with IRD. The donor or agent remains responsible for keeping and maintaining records of the amount of debt that has been forgiven.

If you made a gift before 1 October 2011 of more than $27,000 in any 12-month period, you will have to pay gift duty.

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