It’s that time of year when people start thinking about gifting. We are not talking about socks, perfume or movie tickets, we’re talking about gifting a significant amount of money or assets – enough it would impact your pension or aged care costs. Before you gift, here’s what you should consider. If you receive a […]
My two siblings and I decided to rent our mother’s house out a year ago to pay for the dementia-care unit she had to go into. This was working out OK – pretty much breaking even and not having to use her savings of $60,000. Until recently, when we realised her tax bill will be […]