Cash donations made in France between 2020 July 15th and 2021 June 30th to children, grandchildren and great-grandchildren (or even nephews and nieces) benefit from gift tax exemption with a 100 000 euros ceiling per contributor if the recipient reinvest the funds within 3 months :
_ in energy retrofit work for his/her domicile ;
_ in his/her house building ;
_ in some small businesses.
Though appearing restrictive, such tax break is even much more interesting than the permanent gift tax exemption with its ceiling of 31 865 euros once every 15 years.
Nevertheless, the temporary tax exemtion is strictly conditional and implies tax compliance obligations.
Furthermore, the tax benefit does not obviate to take into account the legal consequences of donations, especially regarding inheritance law.
Do you want to benefit from this tax advantage ?
To know more about your duties to be exempted ?
To better understand the legal consequences of such donation ?
Your lawyer remains at your disposal for any additional information !
