gifbelasting

Gifbelasting is a Dutch term that translates to "gift tax" or "inheritance tax." It is a tax levied on the value of gifts received or inherited property. The Netherlands has a system of gift and inheritance tax, which is managed by the Dutch Tax and Customs Administration (Belastingdienst).

The applicable tax rates and exemptions depend on the relationship between the donor/deceased and the recipient, as well as the value of the gift or inheritance. For example, spouses and registered partners generally benefit from higher exemptions than unrelated individuals. Parents can receive a significant tax-free amount from their children, and vice versa, up to certain limits.

Gifts are taxed based on the value at the time of the gift. Inheritances are taxed based on the value of the estate at the time of death. Specific rules and allowances apply to different types of assets, such as real estate, financial assets, and business assets. Non-residents of the Netherlands may also be subject to gift or inheritance tax if the assets are located in the Netherlands or if they are Dutch nationals. Planning for these taxes is often done through legal means such as creating wills or structuring gifts in advance to minimize the tax burden. The Belastingdienst provides detailed information and forms on its website for taxpayers.