Individuals, who are closely related to the donor, can receive gifts without tax, if the cumulative value of all donations for one calendar year does not exceed DKK 67,100/Euro 8,978 (2020).
A child’s or a stepchild’s spouse can receive gifts tax-free, if the cumulative value of all donations for one year does not exceed DKK 23,500/Euro 3,145 (2020).
Gifts to spouses are tax-free.
The gift tax is a flat rate of 15%, and it is only imposed on the above persons, if the cumulative value of the gifts for one year exceeds the tax-free limits.
There is an additional tax on gifts to stepparents and grandparents, if the cumulative value of the gifts exceeds DKK 67,100/Euro 8,980 (2020) for one year. The additional tax is calculated at a flat rate of 25%, resulting in a total effective tax rate of 36.25%.
Gifts to other relatives or unrelated parties are treated as ordinary taxable income.