@RoryPaltridge@AvidCommentator Good luck with that one. Gifting is limited to $30K over 5 years. Max 10K in any year. Anything over that is classed as a distressed asset and is still counted as an asset for 5 years. So the money passed to son
Is still counted in the asset test
@just_plain_Rick@GBTSocScientist Me too although the last one was free. Apparently here in Victoria you get one in every 3 at no cost otherwise itβs $600π€¬