Parental Gifts: End of 'Triangles' with Siblings, In-laws, and Daughters-in-law – Who is Being Targeted
Greek taxpayers exploiting tax provisions related to parental gifts are facing significant fines and penalties as authorities crack down on 'triangular' gift schemes designed to avoid inheritance tax.
Judicial decision - bombshell for parental donations - What changes it brings
A court ruling in Thessaloniki challenges existing tax regulations regarding parental financial gifts, potentially allowing for tax exemptions on donations up to €800,000 even before the transfer occurs.
The simple is the difficult
The article discusses the government's significant increase in the tax-exempt limit for donations and parental gifts to 800,000 euros, aiding financially capable parents in supporting their children for significant purchases, but highlights complications in the implementation of this measure.