Taxation
Transfers to Relatives: The €10,000 Limit That Tax Authorities Require to Be Declared
Tax authorities require declarations for transfers to relatives over €10,000. Undeclared donations may incur fines of up to 50%.
Inheritance and Gift Tax
Latest Inheritance and Gift Tax news
3 articles
Taxation
Transfers to Family Members: When to Declare and Pay Taxes on Donations
The tax authority requires declarations for transfers over €10,000 as donations; those from €6,000 may be scrutinised. Fines can reach 50%.
Taxation
Tax Authority Clarifies That Beneficiary of Donated Life Annuity Does Not Pay Income Tax
Tax Authority clarifies that donating a life annuity is subject to Inheritance and Donations tax, but monthly payments are exempt from income tax.