Tax-free amounts – IHT (lifetime)
- Partner exemption: minimum € 173,580 and maximum € 671,910 (depending on the value of any pension rights, half of which is subtracted from the exempt amount of € 671,910)
- Sick and disabled children € 63,836
- Children and grandchildren € 21,282
- Parents (max) € 50,397
- All others € 2,244
Tax-free amounts - Gift Tax (yearly exemption)
- Gifts from parents to children € 6,604*
- All other gifts € 3,244
* Gift Tax - additions
This exemption can be increased, only once, to € 26,881, where the child is aged between 18 and 40. Further increase (once only) to € 55,996 where the gift is used to fund expensive education.
Furthermore, the annual exemption may be raised once to € 105,302 if the gift is used for the purchase of a home or payment of a loan related to the acquisition of a home. This general one-off exemption is granted to all donees aged between 18 and 40, regardless their relationship.