Donating Air Liquide shares during your lifetime is a good way to add value to your family’s savings, while also passing on your investment culture and confidence in the Group. Shareholder Services is here to help and can liaise directly with your notary. Basically, you have four options.
This process, involving the anticipated total or partial allocation of your assets to your children, offers several tax advantages (see tax deductions below). The securities given are valued at the average price on the day of the gift or at the closing price of the previous trading day. Shared-gifts are not added to the grantor’s estate. Shared-gifts are drawn up with a notary as an authenticated deed.
Since 2006, you also have the option of making a shared-gift to your grandchildren, an intergenerational shared-gift.
Simple gifts: easy way to pass on to the beneficiary of your choice
With a simple gift, you can pass your shares on to the beneficiary of your choice. As is the case with a shared-gift, depending on your relationship with the grantee, you may benefit from some tax advantages (see tax deductions below). The securities given are valued at the average share price on the day of the gift or at the closing price of the previous trading day. Unlike a shared-gift, this type of gift may be added to the estate. Simple-gifts are also drawn up with a notary as an authenticated deed.
Hand-to-hand gifts: a flexible and simple solution
This is an easy way for you to pass your shares on to your loved ones. Hand-to-hand gifts have to be added to the grantor’s estate and included in the allocation of the grantor’s assets. In order to value the securities passed on, the grantee’s local tax authority must be notified of the gift within one month, using French tax form 2735.
The shares are valued at the average share price on the day of the tax declaration or, if this is higher, at the average price on the day of the gift.
Every 15 years, you can make a gift entirely free of tax on amounts up to:
€100,000 for each child by each parent
€80,724 for your spouse or civil partner
€31,865 for each grandchild
€15,932 for each brother or sister
€7,967 for each nephew or niece
€5,310 for each great-grandchild
The customary gift: an informal present
A customary gift is a present given on a special occasion (wedding, birthday, holiday, etc.). It can take the form of shares, but must represent a relatively small proportion of the grantor’s assets. As long as it complies with these conditions, the customary gift does not need to be included in the grantor’s taxable estate. These gifts do not need to be declared. Shares gifted in this way have a purchase price of zero: when these shares are sold, the capital gain realized will be equal to the total net sale amount.
Direct registered shareholders may download the customary gift form (in French only) directly for completion.
Inheritance: it is your decision
You have the option of planning how your assets - including your share portfolio - are distributed amongst your heirs. A legally notarized declaration detailing your marital status, the names of beneficiaries and the number of shares they should receive when you die will be sufficient for distribution of the portfolio. Air Liquide or the financial intermediary will carry out the instructions of your notary or executor to the letter.
Would you like to gift your Air Liquide shares, but prevent the recipient from selling them? Would like to gift your shares, but continue to receive the dividends? Or perhaps would you like to transfer usufruct of your shares for a defined period? The facility to forbid disposal, enable partial gifting and grant temporary usufruct allows you to meet all of these requirements.