Schenking

A gift is a special type of contract governed by Book 7 of the Civil Code. The donor undertakes to make a gift to the donee without any consideration being stipulated. This may relate to both movable and immovable property and must, in principle, be accepted by the donee.

Gifts are relevant in both civil law and tax law. They may have implications for inheritance and gift tax and are subject to formal requirements, such as a notarial deed in the case of immovable property. Exemptions and deductions often play a role in planning.

In practice, gifts are frequently used for the transfer of assets within families, for example in the context of estate planning or to assist children in purchasing a home.