Temporary increase in the minimum tax-exempt gift amount

The amount you can give/donate tax-free has been temporarily increased in 2021 by more than 1000 euros, and is now 3244 euros (2020: 2208 euros). This decision was made due to the protracted coronavirus crisis.

The tax-exempt value of a gift / donation depends on the relationship / kinship between the giver and the recipient. In this case, we are talking about a gift / donation not for the purchase of real estate and not for expensive training. In the practice of taxation, the intended use of this amount sounds like «u specifically yourself what u Ermee doing"- those. "At your discretion", but excluding the purposes indicated above.

So, this year you can donate / donate 3244 euros without paying taxes, for example, to your grandson, nephew, friend or entrepreneur.

And parents / adoptive parents can give their child more without paying taxes - up to 6604 euros inclusive (in 2020 this amount was 5515 euros).

You can read about this in more detail. here 

This temporary increase in the tax-free amount is valid from January 1 to December 31, 2021.

It may happen that in 2021 you will receive several gifts / donations - this is not a big deal if their total amount from different people does not exceed 3244 euros, or if it is not more than 6604 euros for gifts from your parents / adoptive parents.

But be careful - gifts for gift tax partners (partners voor de schenkbelasting) can be summed up. In what cases this happens can be read by passing here:

If you have any questions related to donation / donation, or you find it difficult to choose which is better - a gift or an inheritance (we have already written about their main differences here ), feel free to contact us - we will explain, advise, help!