Gift and inheritance tax exemption for donations and bequests to declared charitable associations
Article 158 of the 2021 Finance Act amends Article 795(4) of the General Tax Code to write into law the exemption from gift and inheritance duties for donations and bequests to simply declared associations pursuing an exclusive aim of assistance and charity, alongside public-interest bodies devoting their resources to assistance and charity, protection of the natural environment or animal protection. The obsolete second paragraph of Article 795(4) is repealed.
Measure originators
No official estimate found for this measure.
Measure impact
Donations and bequests to these associations, even if not recognised as being of public interest, are exempt from gift and inheritance duties; the law confirms a tax tolerance previously granted by administrative doctrine.
Official references
Sources
Procedure timeline
Follow the progress of this fiscal measure through the different stages of the parliamentary procedure.
Administrative implementation
Entrée en vigueur de la mesure et mise en œuvre par l'administration
President of the Republic signature
Publication au Journal officiel
Possible referral to Constitutional Council
Décision de conformité / censure partielle
National Assembly has the final say
Si échec CMP