Gift tax 2026 — exemptions for gifting children + others
Annual exemption child €6,713, one-off raised €31,813 (18-40 years) or €66,268 (home). Return by 1 March next year.
Gift tax (Succession Act 1956) is levied on gifts above the annual exemption. 2026 exemptions: (a) Parent to child annually €6,713; (b) One-off raised 18-40 yr €31,813 (free use); (c) One-off study €69,961 (€31,813 general + €38,148 study); (d) One-off home: ABOLISHED since 1 Jan 2024 (was €27,231); (e) Other beneficiaries annually €2,690. Rates: same as inheritance — partner/child 10%/20%, other 18-40%. Return: before 1 March of year after gift, even if under exemption (to prove reporting). NOTE: gifts within 180 days before donor's death count for inheritance tax (aggregation rule) — avoids last-minute optimisation. Gifts via notarial deed (transfers >€20k recommended): public record, better proof. For "quiet" gifts: bank transfer with "gift" in description + return before 1 March.