This makes it possible to anticipate the transfer of assets and facilitate the timing of succession.
This is a contract by which, during one’s lifetime, a person gives immediately and irrevocably.
In short, a property in favor of another person.
By making a donation, you benefit from favorable tax conditions.
Donations made to an endowment fund are totally exempt from transfer taxes.
to anticipate your estate if you do not have an heir, as much to give good to a useful cause.
to optimize the tax transmission, the rebates being renewed every 15 years. avoid the possible difficulties related to the division of the succession
to organize the management of the family patrimony
to make significant tax savings, especially in the event of transfer of business, farming or building
The donee can not be a minor or an incapable adult or placed under a system of protection
The donee must be able to manage the donation.
The donation must be made with the consent of both parties
The establishment of an authentic deed in front of a notary, mandatory for real estate.
It is a pure and simple donation. It relates to the full ownership of a good, it is irrevocable, and it is, under pain of nullity, notarized by notarial act. It offers the right to tax benefits: tax reduction of 66% of the value of the donation on the income tax and exemption from transfer duties (amount due to the tax authorities when a property owner changes ownership).
The temporary usufruct donation concerns any type of property providing income. Whether it is for example a portfolio of securities or real estate. It is for you to temporarily give up the income of a property for the benefit of our endowment fund. In return, a tax provision allows you, under certain conditions, not to be taxed under the ISF on the property of which you have transferred the usufruct.
A gift with usufruct reserve offers a simple way to commit to the future of our endowment fund while continuing to personally enjoy your property. We are then bare owner and will not become full owner until the deadline fixed by you. On the other hand, before this deadline, you keep everything right on the property.
The donation on inheritance allows an individual to transfer to our endowment fund the property he inherits,
and thus to enjoy partial exemption from inheritance tax.
ANOTHER WAY TO PARTICIPATE IN THE WAQF
The legacy is one of the most valuable gifts you can do to help us fulfill our mission over time. You can make this bequest by will for the benefit of our AL WAKF FRANCE Endowment Fund.
We can also be instituted as universal legatee of the good you wish to put in waqf. The bequeathed property is exempt from inheritance tax. At any time, you can cancel a bequest, or even your entire will, in any form.
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