The Bank Gift Letter (Schenking bankverklaring) is a crucial document in the Netherlands, particularly in the context of property purchases and intergenerational wealth transfer. It's commonly used when parents or other relatives provide financial gifts to help with home purchases, which is a frequent practice in the Dutch housing market. The document serves multiple purposes: it satisfies banks' requirements for mortgage applications, provides evidence for tax authorities regarding gift tax obligations, and helps comply with anti-money laundering regulations. The letter must include specific declarations about the gift's irrevocable nature, source of funds, and confirmation that it's not a loan. This documentation is particularly important given the Dutch tax system's annual gift tax exemptions and special exemptions for home purchases.
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1. Bank Details: Name and address of the receiving bank where the gift will be deposited
2. Donor Information: Full legal name, address, and contact details of the person giving the gift
3. Recipient Information: Full legal name, address, and contact details of the person receiving the gift
4. Gift Details: Specific amount of the gift, currency, and intended date of transfer
5. Gift Declaration: Clear statement that the money is being given as an irrevocable gift with no obligation for repayment
6. Source of Funds: Declaration of how the donor obtained the funds (savings, inheritance, etc.) to comply with anti-money laundering requirements
7. Tax Statement: Acknowledgment of gift tax implications and responsibility for tax declarations
1. Mortgage Purpose Declaration: Statement specifying that the gift is intended for home purchase/mortgage, used when the gift is for property purchase
2. Relationship Statement: Declaration of the relationship between donor and recipient, important for tax exemption purposes
3. Conditions: Any specific conditions attached to the gift, if applicable (though generally not recommended for pure gifts)
4. International Transfer Details: Additional information required for international transfers, including SWIFT/BIC codes
5. Third Party Consent: Consent from donor's spouse/partner if required under matrimonial property regime
1. Proof of Funds: Bank statements or other documentation showing the donor has the means to make the gift
2. Identity Documentation: Copies of identification documents for both donor and recipient
3. Tax Exemption Documentation: Any relevant documentation supporting tax exemption claims based on relationship or gift amount
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