Apologies for what are probably stupid questions in relation to gift tax exemptions.
Taking the following 2 statements into account on gift tax:
These thresholds can be reached either by a single gift or by a series of gifts and inheritances over a period of years. Only prior gifts and inheritances to which the same group threshold applies are aggregated (added together) for the purposes of calculating tax.
Exemptions:
the first €3,000 of all gifts taken by a donee from one disponer in any calendar year.
Does this mean that the first €3,000 each year would not need to be declared at any point? Is this still the case if the disponer gave a €3,000 gift to the donee 10 years in a row (for example)?
Does this gift have any bearing an inheritance between the same parties?
Thanks.