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Gift Tax: Any return on tax?

kevincool · 2016-11-04 12:34:25

Hi, I am thinking on giving 3000 euros to my child this year. So at the end of the year if I declare it, will I be getting any tax return on the tax I paid during this year? I know the first 3000 euros is non-taxable for the child. So is the tax advantage only to the child and not to the parent? Regards, Kevin

04-11-2016 12:34pm

#1

kevincool

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Join Date: April 2012

Posts: 202

Hi,
I am thinking on giving 3000 euros to my child this year. So at the end of the year if I declare it, will I be getting any tax return on the tax I paid during this year?

I know the first 3000 euros is non-taxable for the child. So is the tax advantage only to the child and not to the parent?

Regards,
Kevin

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Comments

#2 04-11-2016 12:48pm

Geuze

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Correct.

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#3 07-11-2016 7:42am

Peregrinus

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Yes. You do not get any tax deduction for the amount you gift to other people.

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