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Tax Free Gift Amount For 2024 Schrikkeljaar. The said act was introduced to impose taxation on the exchange of gifts under requisite. To figure out how much tax you owe, you need to declare the value of the gift when you file your income tax return under the “income from other sources” section.
It is essential to understand the rules and regulations. For children, it is up to 400,000 euros per parent and for grandchildren up to 200,000 euros.
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