Additional conditions for gift exemption

At the end of 2016, the State Secretary of Finance announced the additional conditions for the application of the gift exemption. This arrangement applies to donations made after January 1, 2017.

Since 18 January 40, a one-off gift exemption of €1 applies to gifts to persons aged 2017 to 100.000, provided that this amount is spent on the owner-occupied home. The exemption can be used for:

• purchase or gift of an owner-occupied home;
• maintenance or improvement of your own home; or
• repayment of a home acquisition debt.

White paper: new donation of owner-occupied home must be unconditional
In a white paper you will find an overview of how you can divide the donation over 3 years and what this means for the exemption. Download the white paper New donation of owner-occupied home must be unconditional.

Read on here.

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