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How to help your children without paying fees

2020-04-24T21:19:13.433Z


OUR ADVICE - In these hectic times, the youngest often need a financial boost. Our solutions to promote family support at a lower cost and without causing conflicts.


As a parent, you can pay money to your dear blond heads every month to support them. If your child is no longer attached to your tax household, these sums are deductible from your taxable income (up to a limit of € 5,947 per year). But you can also help them on an ad hoc basis, without them having any right to pay to the taxman.

Read also: Transmission: how to anticipate and guard against conflicts

● The present of use

What's this? The law allows you to make a “gift” to your child or grandchild without the right to donate. It can be a sum of money, a piece of furniture, a painting, a car… However, it must not impoverish you and must be agreed during a specific event, like a birthday or a religious holiday for example.

Our advice. This present does not have to be declared to the tax administration and it will not be taken into account during your succession, as can be a classic donation. However, it must remain of reasonable value. "The taxman tolerates it on condition

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Source: lefigaro

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