Private sponsorship: special cases
Private historical monuments
The Corporate Philanthropy Tax Cut applies to donations from individuals for conservation, restoration and public access to private historic monuments.
Under the scheme adopted, donations to the Heritage Foundation or to any other approved foundation or association are eligible for the benefit of the general tax system of patronage of individuals (tax reduction equal to 66% of the amount of the donation), provided that the monument benefiting from it is kept by its owner and open to the public for at least ten years. An agreement must be entered into between the owner and the approved donor organization.
Performing arts and contemporary art exhibitions
Public or private bodies whose management is disinterested and whose main activity is the presentation to the public of dramatic, lyrical, musical, choreographic, cinematographic and circus works, or the organization of contemporary art exhibitions, may benefit, even if they are subject to VAT and other commercial taxes, from the general tax system of patronage of individuals (tax reduction equal to 66% of the amount of the donation), provided that the payments are allocated to this activity.
Corporate bodies are excluded from this scheme.
SFI Deductible Donations
ISF providers have the possibility to charge 75% of donations made to recognised foundations of public utility and public or private artistic institutions of general interest, non-profit, within the annual limit of €50,000 1.
Transfer Tax Exemption for Manual Donations
A manual donation is a donation of a movable property made by hand. Granted to a body of general interest, it is fully exempt from transfer duties 2.
Reduction of inheritance tax
On the net share of any heir, donee or legatee used for the calculation of inheritance duties, an abatement equal to the amount of the grants granted to certain bodies of general interest, to the State, to local and regional authorities or to their public institutions is instituted. The abatement applies to all estates, regardless of the type of property (movable or immovable) that makes it up 3.
For donations made to a recognized association of public utility, the State, local authorities or their public institutions, only donations of money are taken into account.
For donations made to a recognized foundation of public utility, the heir has the possibility either to pay a sum of money or to realize a gift in kind (ex: donation of a collection of works of art, a building of report, ...). These donations must be made permanently and in fee simple ownership within six months of death. In the case of gifts in kind, the value of the property is assessed by the donor.
1Art. 885-0 V bis of the CGI, as amended by Art. 16 of the TEPA Law of 21 August 2007
2IMC Art. 757
3IMC Art. 788
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