Inheritance Tax-free allowance

Tax-free amounts – IHT (lifetime)

• Partner exemption: minimum € 186,915and maximum € 723,526(depending on the value of any pension rights, half of which is subtracted from the exempt amount of € 723,526)
• Sick and disabled children    €  68,740
• Children and grandchildren   €  22,918
• Parents (max)            €  54,270
• All others                    €  2,418

Tax-free amounts - Gift Tax (yearly exemption)

• Gifts from parents to children € * 6,035
• All other gifts €  2,418

* Gift Tax - additions

This exemption can be increased, only once, to € 28,497, where the child is aged between 18 and 40. In addition, this one-time exemption of € 28,497 is also granted to all donees between  18 and 40, regardless their relationship, if the gift is used for the purchase or renovation of a home or payment of a loan related to the acquisition of a home. Further increase (once only) to €  60,298 where the gift is used to fund expensive education.