Guidelines for individuals
How much can one give?
No changes have been made to the rules concerning donations of monetary gifts from private individuals. Thus, it is possible to make a gift, of which the first DKK 500 is non-deductible.
What gifts qualify for a deduction?
After assessment, it is possible to deduct the market value of gifts in the form of art works and objects of cultural and/or natural historical significance to an unlimited extent.
What conditions must be met in order to make a deduction?
A gift to the National Gallery of Denmark is deductible as long as the following conditions have been met:
- The gift to the National Gallery of Denmark is not associated with any form of quid pro quo or limitations on the part of the Gallery.
- The gift is given for use by the National Gallery of Denmark as part of its cultural activity.
- The gift has a minimum value of DKK 500.
What are the practical aspects of the deduction?
The National Gallery of Denmark refers to an appraiser appointed by the Ministry of Culture, who will assess the value of the gift. The National Gallery of Denmark also handles reporting of the gift to the tax authorities in accordance with the Tax Control Act. Donors are responsible for including the gift in their own tax declarations.
Source: Law no. 1389 of 20 December 2004
For more information, see www.skat.dk