The end of year holidays are a good time to give some money to your children or grandchildren.
And those who wish to take advantage of this period to send more than a small note in an envelope can do so without risking the wrath of the tax authorities.
Indeed, gifts, even important ones - sum of money, painting, jewel ... - are considered by the tax authorities as customary gifts if they are given on the occasion of an event - end of year celebrations , birthday, passing an exam… They are not subject to any formality and no tax is due by the beneficiary.
They do not fall within the scope of donations, which are less favorable fiscally.
But the limits are fine.
In order to take advantage of an advantageous framework for donating without risking a requalification by the tax authorities, precautions are necessary.
Read also:
Generosity, another way of tax exemption
The date is essential.
“A customary present is necessarily linked to a particular occasion.
Better to leave a written record, for example a small
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