The donation of goods or valuables up to 500 euros does not have to be declared for Stamp Tax purposes, but the limit value increases to 5,000 euros if it concerns parents and children or couples.
This measure is part of the PS’s series of proposals to amend the state budget for 2024 (OE2024). Discussion and voting on the matter will begin next Thursday, with the final global vote on the document taking place on November 29.
So the “donations between spouses or registered partners, descendants and ancestors, up to an amount of 5,000 euros”will join the list of free transfers currently “not subject to stamp duty” and which, in terms of values or goods, has until now been limited to 500 euros, regardless of the relationship or degree of kinship of the person making the Handover.
In practice, this means that from January, cash gifts from a father to a son (and this concept could include, for example, a transfer to the latter to make a payment) do not have to be declared for Stamp Tax purposes. for amounts up to five thousand euros – 10 times more than the current limit.
It should be noted that, as is now the case, if it exceeds five thousand euros and must be declared, this donation between immediate family members is, as until now, still exempt from Stamp Tax.