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How much can you donate free of tax?
You can donate no more than €7,500 to the same person every 3 years. Such donations are not subject to gift tax.
The €7,500 threshold is specific to the donor. This means that a donor can give several gifts not exceeding the threshold to different recipients without the recipients being required to pay gift tax.
On the other hand, a gift recipient can receive gifts from several donors without having to pay gift tax. The important thing is that the value of the gifts received from the same donor does not exceed €7,500 in the course of 3 years.
Example: Pekka and Mirja both receive two donations from their parents: each receives €7,499 from the mother and €7,499 from the father on 5 September 2026.
In other words, Pekka receives €7,499 from his mother and €7,499 from his father, i.e. a total of €14,998. Mirja also receives €7,499 from her mother and €7,499 from her father, i.e. a total of €14,988.
The mother can donate both Pekka and Mirja €7,499 again on 5 September 2029 without them being required to pay gift tax. The father can also donate both Pekka and Mirja €7,499 again on 5 September 2029 without them being required to pay gift tax.
Example: A godchild receives €1,000 from their godparent on 15 February 2026. The godchild also received €1,500 from the godparent on 24 December 2024. Because the combined value of the gifts does not exceed €7,500 in a 3-year period, no gift tax needs to be paid.
Because the donation does not exceed €7,500 in 3 years, the gift recipient does not need to file a gift tax return unless separately requested by the Tax Administration. However, sometimes it may be advisable to file a gift tax return on a gift of smaller value, for example if you receive a share of a non-listed company. If you were to sell the asset later, you could then use the confirmed gift tax value of the asset as the acquisition cost.
Moreover, if you make a gift of household effects or donate money for purposes of education, upbringing and maintenance of the gift recipient, your gift may be exempted from tax. Read more about gifts of household effects and gifts for upbringing and education.
Detailed guidance: Tax-exempt gifts (available in Finnish and Swedish, link to Finnish)