If you are considering making a donation of movable property such as works of art, there are several options available to you:
- manual donation
- indirect donation by bank transfer
- donation by notarial act.
You are not required to register manual donations or indirect donations by bank transfer:
- if you do not register the manual donation or indirect donation by bank transfer, the beneficiary will not have to pay any donation tax.
Please note: if the donor dies within three years of the donation, the beneficiary of the donation will have to pay the higher rate of inheritance tax.
- if, on the other hand, you register the manual donation or indirect donation by bank transfer, the beneficiary will have to pay a donation tax. If the donor dies within three years of the donation, no inheritance tax is due on the donation.
A donation by notarial act is always registered. In this case, the beneficiary must pay a donation fee.
