Estate and gift taxation
Estate and gift taxation
Gifts in Denmark are subject to gift tax, while inheritance is subject to estate tax.
If a donor gives gifts to close relatives and the value of the gift does not exceed certain thresholds, no gift tax is payable on the amount.
However, there are various legal ways to optimize the gift‑tax treatment when an amount is transferred from, for example, parents to children.
When a gift is given, it is important to issue a gift deed, as this provides documentation that a gift has been made. A gift deed also ensures clear proof of when the gift was given. For the Danish Tax Agency, having clear documentation is very important, which is why a gift deed should always be prepared.
Well in advance of a death, it may be advisable to make arrangements that can help minimize estate tax for the estate.
When inheritance is received or gifts are given/received in a cross-border situation, questions may arise as to whether Danish estate tax or gift tax applies.
Contact us today for assistance
Do you need advice on estate and gift taxation?
The rules are complex and depend on a detailed assessment of each individual situation. At Bachmann/Partners Law Firm, we assist with evaluating tax-related matters concerning inheritance and gifts.
Contact us today for an informal meeting about your case.
Contact us today for an informal meeting about your case.
Regardless of your situation, we can help you create the most advantageous solution. We have Denmark’s best
team of lawyers and experts, so you can be confident you are receiving the best advice.
We have offices in Copenhagen, Aarhus, and Aalborg, so you always have access to tax advice near you.
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