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Post by onemore on Aug 17, 2023 8:44:48 GMT 7
I am back in Australia for a while for a visit and catch up with my children.
Both my children are still single and have professional jobs but they are feeling the effects of the current economic situation.
So I got to thinking while having a few glasses of red wine (make that a bottle), that while I have them catered for in my will that they
really need some help now.
So not to give them a lump some of cash I decided to drip feed them money on a regular basis.
So I called the relevant department that deals with this Gifting thing ( thanks to another Labor government initiative) to get some advice
on what to do.
They told me to advise them when I was finished with my gifting to my children to call them back and tell them how much I gave them in
total.
Which got me thinking about how does the government know what I do with my hard earned income if I don’t tell them?
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