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It's even better - in Belgium you can avoid even the 3% gift tax by simply donating the money AND not dying within 3 years (if you do, however, the donation the
by Luc 8y ago
It's even better - in Belgium you can avoid even the 3% gift tax by simply donating the money AND not dying within 3 years (if you do, however, the donation then gets taxed as if it were part of the inheritance, so it may be worth just paying the gift tax).
- charlesdm 8y agoThis is not possible for all assets, but yes.
- Luc 8y agoYes, 'money'. Not real estate.
- indemnity 8y agoIn New Zealand you can gift “people for whom you have natural love & affection” any sum and it will not be taxed. $1k, $100k, $100MM, any amount. A recent (2011) policy change, remains to be seen how it will play out.