Money as a Gift
Money as a Gift
Does anyone know if a non-resident person can give a gift of money to a resident, or the other way round and does it make a difference in the relationship of the parties?
Re: Money as a Gift
I would imagine it would depend on what sum this "gift" amounts to and method of transaction.
Re: Money as a Gift
You can but there maybe gift tax consequences. If the person who is getting the gift is a spanish resident or the money is coming from a spanish resident.
Re: Money as a Gift
Would it not be same as inheritance tax, the relationship to the person gifting depends on the percentage of tax due? I guess your talking substantial amounts of money, not just a few 100 euros.
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Re: Money as a Gift
Gift tax is almost the same as IHT but there are fewer special allowances.
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