a: Personal property

For gratuitous transfers of movable property, other than listed securities and term debts, the value serving as the basis for the tax is determined by the detailed and estimated declaration of the parties, without distraction of charges, except as stated in articles 764, 767 to 770 and 773 to 776 bis.

For French and foreign securities of any kind admitted to trading on a regulated market, the capital serving as a basis for the liquidation and payment of transfer duties free of charge is determined by the average price on the day of the transfer or, for inheritances, by the average of the last thirty prices preceding the transfer.

For term claims, the duty is levied on the capital expressed in the deed and which is the subject of the deed. However, gratuitous transfer duties are liquidated on the basis of the estimated declaration of the parties with regard to claims whose debtor is in a state of bankruptcy, safeguard proceedings, receivership or judicial liquidation or insolvency at the time of the deed of gift or the opening of…