Gift tax exemption in connection with own home

Beneficiaries of gifts of up to a maximum of € 100,000 will enjoy gift tax exemption, on condi­tion that the funds in question should be earmarked for the beneficiary’s own home and should in principle be used in 2014. Albeit that a time extension applies in the event of the funds being used for renova­tion or maintenance of the beneficiary’s own home.