Can I give property to my child tax-free?
Yes: a parental gift or donation up to €800,000 per parent-child relationship is tax-free. The €800,000 tax-free threshold (Law 4839/2021, Art. 56, amending Law 2961/2001) applies in 2026 too, for parental gifts and donations of any asset, property or money. It's granted once cumulatively per relationship (from 1 Oct 2021 — successive gifts add up against it). Above €800,000 a 10% rate applies to the excess. It covers Category A' relatives (spouses, civil partners, children, grandchildren, parents). Money gifts must go through the banking system to qualify. Filing via AADE's myPROPERTY. In short: yes, up to €800,000, with a bank transfer for money.
📋 The rules
- Tax-free €800,000 per parent-child relationship
- Once cumulatively from 1 Oct 2021 (successive add up)
- Above €800,000: 10% on the excess
- Category A': spouses, partners, children, grandchildren, parents
- Money: through a bank, or the exemption is lost
🔓 Exceptions
- Cash outside a bank: 10% from the first euro
- Each parent has their own tax-free amount to the child
- Notary/cadastre fees and levies still apply separately
⚠️ Penalties & fines
There's no "fine" when the threshold is observed — a transfer within €800,000 is tax-free. However: money gifts without bank intermediation lose the exemption and are taxed at 10% from the first euro (AADE runs targeted audits). The threshold is per relationship: each parent has their own to each child. Beware myths: "the tax-free amount resets with each gift" — wrong (it's a single cumulative cap since 1 Oct 2021); "any cash gift up to €800,000 is tax-free" — wrong (only via a bank). To stay compliant: make the transfer/payment through a bank, file the myPROPERTY declaration, and track the cumulative amount to each beneficiary.
📎 Official sources
- Law 4839/2021 (Art. 56) — €800,000 tax-free →
- AADE — taxation of gifts/parental provisions →
- AADE — circular E.2077/2022 →
❓ Frequently asked
How much is the parental-gift tax-free threshold?
The tax-free threshold is €800,000 per parent-child relationship and applies in 2026 too. It covers parental gifts and donations of any asset, property or money. Above that threshold, the excess is taxed at 10%.
Does the threshold apply to each gift separately?
No. The €800,000 tax-free amount is granted once, cumulatively, per parent-child relationship, from 1 October 2021. Successive gifts and donations add up against it. It's a myth that the tax-free amount resets and starts over with each new gift.
Must the money go through a bank?
Yes, for money gifts. For the exemption to apply, the transfer of money must go through the banking system (transfer, cheque). A cash gift outside a bank loses the exemption and is taxed at 10% from the first euro.
Does each parent have their own tax-free amount?
Yes. The €800,000 threshold applies per relationship, so each parent has their own tax-free amount to each child. This means a child can receive up to €800,000 tax-free from each parent separately.
Do I pay other costs on a property transfer?
Yes. Even if the parental gift of property is within the tax-free threshold and so free of gift tax, the notary fees, transfer/cadastre charges and any municipal levies apply separately. The declaration is filed through AADE's myPROPERTY app.
🔎 Common searches
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- “parental gift tax-free 800000”
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- “tax-free donation children”