French Tax : Do you know about…

Posted byVictoria Maître HeaddonPosted inUncategorized

The Temporary Gift Tax Exoneration For The Purchase Of A Main Residence?

From 15th February 2025 until 31st December 2026, there is a temporary gift tax exoneration which was voted in this year’s budget.

To benefit from it, the conditions are :

✅ Type of gift : Sum of money paid in full

✅ Beneficiary : Child, grand-child, great grand-child, or niece/nephew for those without descendants.

✅ Amount : 100,000 € per beneficiary and 300,000 € per donor

✅ Use of the money :

➡️ Purchase of new or off-plan property destined to become the beneficiary’s main residence

➡️ Renovation to improve energy efficiency provided the renovation meets the requirements for the ‘Energy Transition Premium’ (prime de transition énergétique)

✅ Deadline : Purchase within six months of the gift

✅ Conditions after the gift :

➡️ The property purchased must be kept as the main residence for five years

➡️ The beneficiary cannot benefit from any other tax credit for the work

⚖️ If the conditions are not respected, the exoneration is cancelled and tax will be payable under the normal rules.

❓Link to further information : https://www.economie.gouv.fr/…/droits-succession…

Published by Victoria Maître Headdon

I am a dual French-British national. I hold a degree in English and French law with French language awarded by the Universities of East Anglia and Lyons (Jean Moulin III). I was recently awarded an MA in Translation (Distinction). After qualifying and working as a Barrister in London, I have worked in the French Real Estate industry since 2001. I am also a certified Property Valuer. I provide a wide range of Translation, Interpretation, Consulting and Lawyer-Linguist services, including in-person and video link interpreting. I am specialised in Real Estate, Private Law (contracts, divorce, wills, probate), Administrative Law (residency permits, nationality applications, health card registration) and I also have Corporate Law (companies and sole traders) expertise.

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