New Opportunity to Organize Your Assets with Tax Benefits
On April 22, 2026, the Government submitted an ambitious bill to Congress entitled “National Reconstruction Plan.” This initiative seeks not only to reactivate our economy and encourage investment, but also to strengthen the financing of essential public policies for the country.
Among the most noteworthy measures of this bill is a proposal that could change the way Chilean families plan for their future: an exceptional 50% reduction in the Gift Tax.
What you should know about this initiative
To understand how this benefit would work, we have summarized the key points of the bill:
Tax reduction by half: If you decide to make a donation to your immediate family (children, spouse, or parents), the tax payable will be reduced by 50% compared to the usual rate.
Distribution requirements: The law requires a specific order. At least 50% of the donated assets must go to the donor's legal heirs, 25% must be allocated to the "improvement portion," and the remaining 25% can be freely distributed among them.
Limits on the donated assets: Not everything can be donated; the total value of the donation cannot exceed 75% of the donor's total assets.
Streamlined process: These donations would be exempt from the "judicial approval" requirement, meaning that prior authorization from a judge would not be necessary, significantly simplifying the process. Defined timeframe: Once the law is approved and published, interested parties will have one year (starting from the first day of the month following publication) to formalize these deeds.
Why does it matter?
This measure represents a unique opportunity for those seeking to organize the transfer of assets during their lifetime. The practical impact is twofold: firstly, it allows for direct cash savings by paying only half of the corresponding tax. On the other hand, it facilitates liquidity for heirs, since the bill allows the tax payment to be financed through loans from the same companies being donated, without generating fines or additional taxes for withdrawing funds.
It is a tax efficiency tool designed to formalize family finances under much more favorable conditions than those currently available.
What to do now?
While the bill still requires Congressional approval to become law, now is the ideal time to begin planning:
Take stock: Evaluate the total value of your assets to ensure you do not exceed the 75% limit allowed for this benefit.
Identify the beneficiaries: Confirm that the recipients are your direct heirs, as donations to third parties are not eligible for this reduction.
Prepare the documentation: Remember that the benefit requires the donation to be made through a public deed before a notary and with a sworn statement filed with the Internal Revenue Service (SII).
Consult with experts: Since the tax must be paid before the deed is authorized, professional advice is key to avoiding errors in calculation or legal deadlines.
