• Without a testament
• How to make a donation?
• Donations and financial advantages
• Inheritance tax
• Common gift
• Gift tax
• Write a testament
• A Joint and mutual will
• Succession - Contents of a contract

Giving a gift is better than getting one, so they say, but before we give a gift to someone, we must be clarify the legal consequences and responsibilites. This is extremely true for those situations when our gift is not simply a birthday or an anniversary present, but something highly valuable. As in some special cases a gift can be a subject of several tax discount or can be tax exempt it could be used for some illegal operations, therefore attracts a greater attention from the tax authorities.

Usually the grantor is the subject of tax in case of a gift, however if the gift could be classified as a gratuitous gift meaning that the grantor receieves nothing or something considerably less valuable, the gift is tax exempt. Gifts for charity, to politcal organizations or gift to one’s spouse are generally not a subject of tax.
In some countries the law regulates the tax exemption of gift in an annual value per person and per year, for example in the US limits of an annual of $12 000 for individuals and $24 000 for married couples are in effect. Any gifts above this limit are subjects of tax.