During a tax audit, the tax office also charges close family members a gift tax for formal reasons, although such donations are unlimitedly exempt. Meanwhile, the legislator wants to liberalize the provisions: the bill provides for a radical increase in the amounts exempt from inheritance tax and donations, even from extended family members and strangers.
The handing over of property, especially between loved ones, is part of the daily routine. After several decades of normality – previously private property was frowned upon for nearly half a century – we began to accumulate a legacy that was traditionally passed down from generation to generation. It is obvious that, as on every other occasion, the Revenue Agency is looking for its “plot” – but it should not do it in an intrusive way and in a way that would greatly reduce the life of the next generation.
Inheritance and gift tax is still controversial, especially in the context of the treasury’s prosecution of recipients of donations. Every now and then we talk aloud about the troubles of the spouses in the context of the tax on the donation of wedding gifts.
It turns out, however, that not just that. Although inheritance and donations are exempt from tax within the family, without any limit, the Revenue Agency can collect a tax if only some formal element is not satisfied.
