Passing your wine selection on to your children for a low cost while continuing to enjoy it

A tax advantage for your children
The French law text (article 587 of the Code Civil) allows someone who owns a Grand Cru wine selection to pass it on in a way that will benefit his/her children tax-wise.

This passing on is made possible by dividing the wine selection into 2 separate parts: one part, you will still be able to enjoy tasting; the other will belong to your children completely.
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You own a wine selection worth 80,000€

For instance, if you own a wine selection worth 80,000€ and offer it to your children within this regime, they will become its owners, but you can keep it and keep enjoying it yourself.

Your children

As long as you live, your 2 children can become the owners of 100% of your wine selection. The value of the selection will finally amount to 40,000€ total, meaning 20,000€ per child.

Once the legacy has taken place

your two children will become the only owners of the selection, at 50% of its original value, minus the bottles you have drunk in the meantime.

Example : If the wines’ value has doubled in the meantime( 80,000*2=160,000€) and you have drunk 20% of it, your selection will be inherited for 40,000€ and your children will benefit from a tax refund of 20%*80,000 = 16,000€.

You

During that period of time, you can keep enjoying your bottles and remain free to drink the bottles. Once the legacy has taken place, your two children will become the only owners of the selection, at 50% of its original value, minus the bottles you have drunk in the meantime.
More about tax advantages impots.gouv.fr economie.gouv.fr
More about tax advantages impots.gouv.fr economie.gouv.fr