Now that the rules for bank and hand donations are tightening from January 1, Flemish people are still handing out cash gifts en masse. For example, there were 1,006 registered donations at notaries in November – a third more than last year. However, experts warn that the classic penny envelope on New Year’s Eve can also come into the sights of the tax authorities. “It is a misconception that you always have to pay inheritance tax in the event of a premature death.”

ttn-3