Gift

In 2021, you are allowed to donate the following sums tax-free:

• To child              € 6.035,-
• To grandchild or third parties       € 2.418,-

With effect from 2023, the increased gift for owner-occupied housing has been significantly reduced. A gift of up to €28,947 to someone aged between 18 and 40 is exempt provided it is used for their own home. It does not matter who the donor is.

If an amount was donated in 2021 or 2022 for the owner-occupied home but the full maximum amount has not yet been used, there are options to increase the amount to the maximum in 2023.

For gift to children, there are the following additional options. If your child is aged between 18 and 40, then

• you are allowed to make a gift of € 28.947,- once, without being obliged to spend it on their own home.
• you are also allowed to make a gift of € 60.298,- once, if the amount of this sum above € 28.947,-, is used to finance a expensive study for your child. 
• If parents donate separately, these amounts should be added together. This also applies if parent are divorced.

If you wish to make a donation, please feel free to contact us for specific conditions.