Family & inheritance
The gift tax exemption (Schenkungsfreibetrag) is the amount you can give away tax-free within ten years: typically EUR 400,000 per parent per child.
The gift tax exemption (Schenkungsfreibetrag) sets the amount up to which a gift remains free of gift tax. Between a parent and a child it is typically EUR 400,000 per parent per child.
The exemption applies over a rolling ten-year period. Within that window, gifts up to the exemption amount can pass tax-free; once ten years have elapsed, the exemption becomes available again.
Because the allowance applies per parent and per child, each parent can use it separately. The precise tax outcome depends on the individual case and this is not tax advice.
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