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Understand the donation

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How is a donation taxed?

A donation is an act by which a person, the donor, voluntarily and irrevocably transfers ownership of something, free of charge, to another person, the donee (Civil Code, Art. 894).

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Passing on a house to your children: by succession or donation?

Quel est le plus avantageux fiscalement : la succession ou la donation ? Comment choisir le notaire pour effectuer cette transmission. Me Barbara Thomas-David, notaire, vous répond sur BFM Business dans l'émission "Le Club du Droit / Passez-moi le notaire".
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I want to give bare ownership of assets to my minor grandchildren and keep the usufruct. If I die before they reach majority, I do not want these assets to be managed by their parents. Is this possible ?

Yes. It is entirely possible to make a donation to your minor grandchildren. This donation must be accepted by their legal administrators (their parents), in accordance with Article 935 of the Civil Code. However, you can specify in the donation act that the donated assets be managed by a third…
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I would like to donate a sum of money to my grandchildren, but I am 82 years old, is it still possible?

Yes. It is always possible to make a donation, regardless of your age. However, the beneficiaries of the donation will not be able to benefit from the special allo-wance of 31,865 euros applicable to donations of sums of money (from article 790 G of the General Tax Code) granted in…
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Ten years ago, I received a gift of real estate from my father. Will its value be reassessed at the time of his succession?

Yes. The principle of revaluation of gifts is set out in Article 860 of the Civil Code. The asset is valued at the time of partition based on its condition at the time of the gift. If the asset has been sold, the notary will consider the sale price or…
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