A new temporary transfer tax exemption system is introduced by the third amending finance law for 2020.
Donations of money made, in full ownership, from July 15, 2020 to June 30, 2021 and carried out for the benefit of children, grandchildren or great-grandchildren (or nephews, nieces in the absence of descendants) assigned to the creation or development of a business (small businesses in the community sense) are exempt from gift tax up to 100,000 euros per donor.
Note that this exemption also applies to energy renovation operations (eligible for the energy transition bonus) carried out in the main residence owned by the donee or in the construction of the main residence. Exempt donations are exempt from the tax report for the liquidation of rights due during a new free transfer between the same people.
