Gift right

Gift tax is the tax you pay when something is gifted to you.
After 1 January 2010, the legal term is: gift tax.
Gift tax does not always have to be paid; the law has certain exemptions. The exemptions and rates depend on the amount of the acquisition and the relationship the transferee has to the donor.

A donation can consist of money or goods. But it can also consist of buying something too expensive or too cheap. For example, when parents sell a house to children for a price below market value.

If the donation exceeds the exemption, you have to declare it to the tax authorities. The form for this purpose can be downloaded from the tax authorities' website (www.belastingdienst.nl). The tax return must be received by the tax authorities no later than 1 March of the year following the year in which the donation was received.

For more information on gift tax, filing a tax return, as well as advice on which donation method is best for you, please contact us. We will be happy to help.