Taiwan’s Ministry of Finance statistics reveal a significant trend of substantial gifting among the elderly population. Individuals aged 80 and above led the way in 2023, with gifts totaling NT$86.9 billion. This marks the largest gifting amount from any age group. Experts are advising individuals to be mindful of annual tax-exempt gifting allowances to avoid potential tax liabilities. The data indicates a growing practice of wealth transfer within families in Taiwan. The Ministry emphasizes the importance of understanding and utilizing available tax exemptions during gift-giving. This trend reflects demographic shifts and evolving estate planning strategies amongst Taiwan’s aging population.