Strict mortgage rules sometimes make it difficult, especially for first-time buyers, to buy a house. And how do you subsequently finance the necessary maintenance or the desired improvements to the home? A donation can then offer the solution.
A one-off increased gift exemption applies to gifts to persons between the ages of 18 and 40. In 2018 that is an amount of €100.800. This is subject to the condition that the amount is spent on the owner-occupied home. Stated in this way, the exemption appears to be easy to apply. However, for a successful appeal to this exemption, all conditions must be met.
White paper Donating for your own home in 2018
In January 2017 we have discussed a number of conditions of this gift exemption. However, there are more tax and legal aspects that are important when applying the gift exemption. We would like to repeat the most important conditions and explain a number of new aspects of the 2018 gift exemption for owner-occupied homes. You ask the white paper free of charge via the form on our website.
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The gift exemption for the owner-occupied home is a very attractive way to transfer assets tax-free. When making a donation, keep the tax conditions and legal consequences in mind. For questions about the exemption or the gift tax return, please contact your adviser at acconâ– avm. You can also use the contact on the acconâ– avm website.
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