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Gift Duty and Rest Homes

With Gift Duty being abolished last year, more people will be using gifting to manage their assets and finances. There are different rules regarding gifts made which affect your entitlement to financial assistance from Work and Income.

If Work and Income consider you have changed your financial position to qualify for a benefit they are likely to add these amounts into your assessment.

They allow $6000 per year for 5 years before the date you apply fo a subsidy. Over 5 years the gift can be $27,000

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