As a parent, child or acquaintance, you sometimes want to donate or receive money. That depends on three things
- the year as the amount is not always the same
- the relationship between donor and recipient.
- the purpose for which the money is used
The recipient does not pay gift tax for donations up to the annual exemption and does not have to file a tax return.
1. Annual exemption
You may donate a certain amount tax-free each year. The amount changes every year.
> Tax-free donation in 2024
2. Relationship
Children (biological, recognized, step or foster) may receive more than other people. But you can also donate money as a family member or friend.
3. Purpose
There is a one-off increased exemption. This could be for a study or another discretionary spending purpose. The former 'jubelton' for a house has been abolished.
The exemption from business succession regulations still applies.
> Donation for a study