French General Tax Code
In forceI. - Gifts of full ownership of sums of money made to a child, grandchild, great-grandchild or, in the absence of such a descendant, to a nephew or niece or, by representation, to a grand-nephew or grand-niece are exempt from free transfer duties up to a limit of €31,865 every fifteen years.
This exemption is subject to compliance with the following conditions:
1° The donor is less than eighty years old on the day of the transfer;
2° The donee is at least eighteen years old or has been the subject of an emancipation measure on the day of the transfer.
The €31,865 limit applies to gifts made by the same donor to the same donee.
II. - This exemption is cumulative with the allowances provided for in I, II and V of article 779 and in articles 790 B and 790 D.
III. - Donations of sums of money mentioned in I are not taken into account for the application of Article 784.
IV. - Subject to the application of 1° of 1 of Article 635 and 1 of l'article 650, the gifts of sums of money mentioned in I must be declared or registered by the donee at the tax department of his place of residence within one month of the date of the gift.
V. - (Repealed)
