Many homeowners don't think about passing on their property until they are very old - but an early gift can bring many tax and family benefits. Whether it's a house, apartment or plot of land: those who plan early and transfer strategically protect assets, make multiple use of tax-free allowances and avoid disputes later on. However, a gift is not always the better option - it depends on the timing, purpose and structure.
Multiple use of allowances
Children are entitled to a tax-free allowance of 400,000 euros per parent every ten years. If a property is transferred in good time - in parts if necessary - this tax-free amount can be used several times. This reduces or avoids gift tax. Graduated allowances also apply to transfers to grandchildren, spouses or other relatives. Important: The valuation of the property is based on the current market value - a professional assessment helps with planning.
Usufruct and right of residence: flexible design
Many owners want to retain control - even after the gift. With a lifelong right of residence or usufruct, the property can continue to be used while ownership is formally transferred. This creates security for both parties: The children receive planning security, the parents remain in the house. Such arrangements should be recorded precisely in a notarial deed to avoid misunderstandings.
Weigh up the risks - get professional advice
A gift is binding - even if family or financial circumstances change. Anyone making a gift should be sure of their decision. Reclaiming rights, care obligations or partial transfers can help to maintain flexibility. Tax advisors and notaries provide individual advice and find suitable solutions - tailored to the property, family and stage of life.
Conclusion
Gifting a property can make sense from a tax and family perspective - if it is well planned. Owners who act early and plan professionally secure values, avoid disputes and actively shape their assets.
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