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Discussion Starter · #1 ·
Hey Guys,

I wanted to transfer some funds to a relative in Australia but was wondering if there is any tax levied on the receiver( my relative) for receiving funds from an international bank.

How much Tax are we talking about?

Regards,
Vijay
 

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Discussion Starter · #5 ·
naoto said:
There is no tax and transfers in Australia
I found a distant relative in Australia to pay my fees for 176. He was to pay using his credit card and I was to transfer that much amount in a different currency to his bank account.

I was shocked when he said he had to pay 30% tax on incoming funds. I felt that's too much for mere 3000 AUD. would the incoming funds from me treated as taxable income or something?

I guess he wanted to make some money out of it. :)

Thanks guys.

Vijay.
 
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