Details on the legal and fiscal training content (held by PWC)
1 - Legal framework
1.1 Civil law aspects regarding donations/gifts
1.2 Civil law aspects regarding:
- Heirs (acceptance, obligations, risks, rights)
- Specific legacy
- Statutory share children and gifts
- Executor
2 – Fiscal environment
2.1 Foundation and companies
- Criteria and modalities for access to tax deduction / reliefs
- Criteria for gifts eligibility
2.2 Foundation and individuals
- Foundation and income tax: modalities of tax reliefs and criteria for eligibility of gifts;
- Foundation and net wealth tax: modalities of tax reliefs and criteria for eligibility of gifts, consequences of funds’ transfer;
- Foundation and rights on transfer for free (i.e. donation and succession): opportunities and consequences of the transfer of assets.
3 – Alternative ways for donations
- Set up a 'private' foundation to support other foundations;
- Provide a zero or low interest bearing loan to a foundation;
- Transfer of estate to a foundation under restriction of usufruct;
- Donations in kind (for example art objects).
4 – Case study covering a concrete example