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Tax on a gift to a Dutch resident from UK based parents
| Question: 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? Answer: 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. |