02 December 2024
Year-end charitable giving tips for individuals and businesses
The end of the year is a natural time to reflect and look ahead. Support Casper partner PwC compiled practical year-end guidance, from which we selected three points relevant to people and businesses considering a charitable gift.
PwC and Support Casper
PwC is one of the partners that supports and advises Support Casper. The professional-services organisation provides assurance, tax and advisory expertise. Since our launch in 2015, PwC has supported us with tax advice relating to major donations and gifts in wills.
Individuals
Tip 1: Plan your donations to charities
Under the Dutch rules applying in 2024, a recurring gift to an ANBI charity could qualify for income-tax relief if recorded in a written agreement lasting at least five years. A private agreement was sufficient in many cases, although a notarial deed could be advisable for complex gifts such as valuable art. From 1 January 2023, the annual deduction for recurring gifts was capped at €250,000 per household; transitional rules applied to agreements made before 4 October 2022 at 4 pm.
Tip 2: Consider the deduction for one-off gifts
One-off gifts to an ANBI charity may also qualify for tax relief, subject to an income-related threshold and ceiling. Different giving structures may suit different circumstances. In 2024, qualifying gifts were deductible at the lowest income-tax rate of 36.97%.
See PwC’s guidance for individuals
Businesses and estates
Tip 3: Use exemptions for gift and inheritance tax
Subject to the applicable conditions, gifts and inheritances received by an ANBI charity are exempt from Dutch gift and inheritance tax. The same can apply when an ANBI makes a gift in the public interest.
For guidance aimed at businesses, visit PwC’s website.
Tax rules change, so always consult PwC’s current guidance or seek professional advice before making a decision.
For questions about these tips or PwC’s services, contact Robert Schwarz on +31 (0)6 1091 9634.