Finance & Taxation

Personal Taxation in France

1. Overview
2. Top Tips
3. Income Tax Liability
4. Income Tax Return
5. Calculating Income Tax Liability
6. Payment of Income Tax
7. Social Security Contributions
8. Taxation of Investment Income
9. Local Property Taxes
10. French Wealth Tax
11. Capital Gains Tax
12. Gifts Tax
13. Tax Inspection
14. Tax Complaints

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12. Gifts Tax in France

12.1. Gifts Tax in France

A 'gift' in France is called a donation, and French 'gift tax' the droits de donation.

The definition of a ‘gift’ for the purposes of the tax excludes those gifts which may ordinarily be made in the course of daily life.

So, for instance, wedding and birthday gifts do not come within the gaze of the French tax authorities, provided the gift is reasonable by the living standards of the donor.

Such a gift may be in the form of cash, but it may equally take the form of the transfer of real estate, e.g. transfer of all or part of the family home to your children.

As there is no inheritance tax between married couples or those in a civil partnership, and with generous inheritance tax allowances for children, the use of gifts as a tax planning strategy is probably only of importance to those with substantial wealth or who do not benefit from the above concessions.

That said, the generous provisions on French inheritance tax contrasts with tough French inheritance laws, so the use of gifts remains important for those who wish to obtain greater freedom in the disposal of their estate.

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