How Much Money Can You Gift Tax-Free in Germany?
Learn the tax-free limits for gifting money in Germany, including specific thresholds for friends and family.
185 views
In Germany, you can gift up to €20,000 tax-free to a friend or distant relative every 10 years. For close family members like spouses, the tax-free limit is higher, up to €500,000 every 10 years. Exceeding these amounts could incur gift tax.
FAQs & Answers
- What is the gift tax limit for friends in Germany? You can gift up to €20,000 tax-free to a friend every 10 years in Germany.
- How much can I gift to family without tax in Germany? For close family members like spouses, the tax-free gift limit is €500,000 every 10 years.
- What happens if I exceed the tax-free gift limit in Germany? Exceeding the tax-free limits could incur gift tax, which applies to the amount over the exemption.