Gift tax exemption
As the increased gift tax exemption regime (for giftings of up to 100,000 euros) will once more apply in 2017, it may make sense for you to exercise a little patience. Please note that any (increased) gifts you may have made in the past will have to be set off against the exempted amount of 100,000 euros. There is another way of investing in one’s own home, however, as the Tax Scheme 2016 has set aside 100 million euros for grants to home-owners in connection with energy-saving measures being implemented. As childcare benefits are being stepped up at the same time, you won’t have to worry about tripping over your children while the home improvement work is being carried out!
Contact your Tax Consultant with all your questions about gift tax!