Talk:Taxation in New Zealand

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[edit] Gift tax

Strange to me was learning of gift tax. You can't just give away your wealth, as you can in the UK. Nothing in the article. And I'm not the correct one to write about it. Paul Beardsell 00:20, 5 October 2006 (UTC)

210.55.245.26 01:13, 15 December 2006 (UTC) Not that strange. Income is taxed; that income can come from any source including jobs, investments or gifts. This avoids tax evasion where somebody gifts you money rather than pays it. There are exceptions to this rule of incoming being taxed - no capital gains tax in NZ, no death duties, no taxation on gambling winnings etc.