You’re entitled to an annual tax-free gift allowance of €3,000. This is also known as your annual exemption. With your annual gift allowance, you can give away assets or money up to a total of €3,000 without them being added to the value of your estate. Once you’ve exceeded this allowance, the gifts you give may be subject to inheritance tax in the event of your death.
If you don’t use your full gift allowance in one year, you’re allowed to roll it over to the following year. You’re only allowed to do this once, so you couldn’t roll any allowance you haven’t used over for a second year.