c: Special provisions for gifts

The rate of land registration tax is reduced to 0.60% for inter vivos transfers free of charge. The value to be used for the tax base may not be less, where applicable, than that used as the basis for the assessment of registration duties in accordance with the provisions of this code.

In the event of a direct-line gift of property previously transferred to a first direct-line donee and returned to the donor pursuant to articles 738-2, 951 and 952 of the Civil Code, the duties paid on the first donation are deducted from the duties due on the second donation. The new donation must be made within five years of the return of the property to the donor’s estate. Notwithstanding the…