Are wedding gifts taxable?

In Australia, wedding gifts aren’t taxable, so anything you receive from guests (whether it’s cash or physical gifts) is considered a genuine gift and doesn’t need to be declared as income.

The only time it becomes relevant from a tax perspective is if that money is later used to generate income (for example, investing it), but the gift itself is completely fine and tax free.

So from a planning point of view, you don’t need to worry about accepting contributions, wishing wells, or registry gifts as they’re all treated the same.