Temporary exemption of family cash gifts up to €100,000 used for a business, construction or renovation
Article 19 of the third amending finance law for 2020 exempts from gift duties cash gifts made between 15 July 2020 and 30 June 2021, up to €100,000 per donor, provided the money is used within three months to subscribe to the capital of a small business, build a main residence or carry out energy renovation of it.
Measure originators
No official estimate found for this measure.
Measure impact
Families giving cash to a descendant (or a nephew or niece) between 15 July 2020 and 30 June 2021 paid no gift duty on up to €100,000 if the money funded a small business, the construction of a main home or its energy renovation within three months.
Official references
Sources
Procedure timeline
Follow the progress of this fiscal measure through the different stages of the parliamentary procedure.
President of the Republic signature
Publication au Journal officiel
National Assembly has the final say
Si échec CMP
Joint committee
Désaccord éventuel
Debate and vote
Administrative implementation
Entrée en vigueur de la mesure et mise en œuvre par l'administration
Debate and vote
Débat et vote en séance publique à l'Assemblée nationale, ou engagement de la responsabilité du Gouvernement (article 49.3)