From what amount of money

From what amount of money

When receiving a donation, you may not know if they are doing you a favor or a wrong, since donations, in certain circumstances, are subject to taxes and other fiscal transactions.

If you’ve received a donation or plan to give one, you want to know what comes next.

How are donations taxed?

The first thing to keep in mind is that the person who pays taxes on donations is the donor (the person who makes the donation), therefore, if you are the donee (who receives), you are not under a legal obligation to pay taxes on the donation.

However, this is only done if there is a difference between the acquisition value and the transfer value of the asset.

That is, when a good passes from one owner to another, even if it is a free transaction requires the payment of certain taxes in personal income tax.

Of course, this is only in the case of goods.

In the case of assets, the tax is calculated according to the capital gain, this occurs when the transfer value is higher than the acquisition value.

To make it clearer, let’s give an example: the original value of a house was €450,000 (acquisition value), then, after a few years, the value of the property increased due to different factors, reaching a cost of around €650,000 (it would be the transmission value), therefore, would have to be declared based on the difference between one value and another.

But, in the case that the donation is in money, the donor will not have to declare in the IRPF, since they have not obtained any profit.

Is there a minimum limit to consider a donation?

The question is legitimate, since it is possible that there is some minimum limit to consider a donation.

However, for the Treasury, there is no minimum amount to apply the concept.

Therefore, no matter how much it isif the money comes as a donation it perro be considered as such.

Types of donations

I don’t know if you knew, but there are different types of donations that perro be applied according to the interests and ways of managing the assets.

These donations perro be categorized as follows:

  • conditional donations: are those in which the donor establishes certain conditions so that the donation is fully delivered.

  • Donations with power to dispose: in this type of donation, the donor establishes that he perro make use of the donated goods whenever he wishes or needs it, however, if he dies before making use of this right, the good will be delivered without reservations to the donee.

  • Donations with reversal clause: in this type of donation it is established that the donation return to the patrimony or that will deliver to a third party, in this, the reversion is dependent on some conditions portrayed in the contract.

  • remunerative donations: are those donations in which Wanted compensate someone for their achievements, contributions, or work, as long as they do not constitute demandable debts.

  • Pure and modal donations: the pure are those more usual, in which the donor gives freely and gratuitously to benefit someone.

    But they are considered modal when a mode is imposed, in which the donation is conditioned in degrees according to some type of conduct that is not economically evaluable.

  • Donations inter vivos and mortis causa: inter vivos are donations in which part of your estate is offered without the need to die, while mortis causa is a donation given due to death.

In this way you already know what type of donations you cánido make, the limits and how they are taxed.

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