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Do I have to declare donations made to loved ones?

2021-02-19T22:37:32.883Z


OUR ADVICE - Nothing could be easier and faster than to write a check or a transfer to a loved one to whom you want to give money. Without the tax authorities finding fault?


You probably ask yourself these questions when giving money to a child.

"These donations are completely legal and, contrary to popular belief, it is not compulsory to declare them immediately to the tax authorities,"

reassures Jean-François Lucq, director of wealth engineering at Banque Richelieu France.

If an important donation deserves a detour to his notary, to be informed and advised, it is only really obligatory to give real estate.

To read also:

Strenna, gifts… How to give without risking problems with the tax authorities

Money and most other goods (paintings, jewelry, furniture, shares, etc.) can be transmitted by means of a simple manual donation.

All you have to do is hand over the property, a check, or make a transfer to transfer ownership.

As for donation rights, they are only due when the manual donation is revealed to the tax authorities.

This can happen in five situations:

● the beneficiary (the donee) declares it and registers it spontaneously with the tax authorities;

● he receives another donation from the same donor, in which case

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Source: lefigaro

All news articles on 2021-02-19

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