Accommodation for one child free of charge. What are the tax and inheritance consequences?
In families, it is common for a parent or grandparent to leave an apartment or house available for their children or grandchildren. This is a very natural family solidarity when a child is in economic difficulty or quite simply when the elders wish to allow the children to benefit from the family patrimony.
In families, it is common for a parent or grandparent to leave an apartment or house available for their children or grandchildren. This is a very natural family solidarity when a child is in economic difficulty or quite simply when the elders wish to allow the children to benefit from the family patrimony.However, behind this act, which could seem trivial, the tax and property consequences can be very important.
NGP EXPERTISE Alexis NANQUETTE, Chartered Accountant in Paris 15 th .