Receipts of gifts from abroad

Gift tax must be paid when assets or property are transferred to a new owner as a gift:

  • if the donor or the recipient live in Finland on the date when the gift is given or
  • if immoveable property located in Finland is given as a gift or if corporate stock or shares are given of a company in which more than 50% of corporate assets consist of Finnish-located immoveable property.

Similarly, property located in a foreign country including an apartment in Spain is subject to gift tax if the donor or recipient live in Finland on the date of the gift.

In addition, a gift received from a foreign country is subject to Finnish gift tax, including cash received from someone who lives abroad if the recipient lives in Finland on the date of the gift.

Some circumstances require that Finnish gift tax be paid although both the donor and the recipient live abroad. Tax must be paid if immoveable property located in Finland is being given or if corporate stock or shares is given of a company in which more than 50% of its corporate assets consist of Finnish-located immoveable property.