gift for a child.  The tax office changes its mind and makes you pay the tax

The journal in the article gives the most recent individual explanations regarding the exemption from the gift tax, provided for in Art. 4a of the Inheritance and Gift Tax Act. They clearly show: The beneficiary will only benefit from the exemption if the funds are deposited directly into his account“. – we read in the article DGP.

Donation tax. Here are the potential pitfalls

This is where the problem arises, because parents who want to finance the purchase of an apartment for their children often pay the money directly into the seller’s account. However, in this case, the tax office will require the child to pay the tax.

– It is difficult to find an explanation for such a tightening of the situation, because the tax regulations in this regard have not changed, – Grzegorz Grochowina, head of the knowledge management team of the tax advisory department of KPMG in Poland, comments on DGP.

The rest of the article is under the video

See also: Ukrainians paid PLN 10 billion in taxes in Poland. Talking about expenses alone is not justified.

The magazine also warns of this Donating cash on hand can be risky. This solution is challenged by the administrative courts. The tax office warns that family donations must be made by bank transfer.

How much is the gift tax?

If the donation amount in the first group exceeds PLN 22,256, the tax is PLN 890.30 plus 7%. On surplus over PLN 22,256.

Rate our article quality:

Your feedback helps us create better content.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Electricity price freeze – What are the documents required to obtain an upper limit of electricity price freeze in 2023? Important deadline for submitting documents!

by GettyImages The request to freeze electricity rates must be submitted by…

Inspections throughout Poland. They ask about four things

Authorized by Polish Post Staff members across the country are tasked with…

Scammers almost perfectly pretend to be a well-known bank. One point makes a difference

Watch the video The police released a video of the scammer. He…

The conflict in Ukraine. Experts draw scenarios for companies from the Warsaw Stock Exchange

Players on the Vistula Stock Exchange can directly trade in shares of…