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Tax on a gift to a Dutch resident from UK based parents
I live in the Netherlands since 2006 and my parents have suggested that they may give me a gift of money which they would pay into my Dutch account. Would I be taxed by the Dutch authorities on this?
Dutch gift duties do not have to be paid if the person who donates the money is living outside the Netherlands.
This is only different if:
– this person has the Dutch nationality and left the Netherlands less than 10 years ago;
– this person doesn’t have the Dutch nationality, but was living in the Netherlands before and left the Netherlands less than 1 year ago.