The taxation of gifts in Finland primarily focuses on changes between generations and the transfer of real estate, companies, and investment instruments. In 2020, a total of 1.85 billion euros in gift tax was paid out to recipients, with over 20,200 recipients and around 15,600 givers. The average value of a taxable gift was approximately 91,500 euros, while the median value was 23,000 euros.
Gift tax in Finland is relatively small compared to other taxes. However, it plays an important role in the tax system as both gift recipients and givers contribute significantly. Different asset classes determine the taxable amounts for both gift and inheritance taxes. For instance, unquoted shares were the largest asset class of taxable gifts in 2020 at 565 million euros. Cash donations followed with around 354 million euros, farm entities were valued at 222 million euros and publicly quoted securities and various properties were valued at 125-140 million euros.
In comparison to gift taxation, property subject to inheritance tax totaled around 6.1 billion euros in 2020 with over 145,600 people receiving an inheritance. Inheritances worth less than 2
