2024 Shareholder’s Practical Guide

Tax exemption for donations

Every 15 years, you are able to make a totally tax exempt donation for up to:

• €100,000 for each child and from each parent
• €80,724 for a spouse or partner in a civil union
• €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

Inheritance

You can decide how your share portfolio will be distributed among your heirs. Upon your death, a previously established certificate from your notary mentioning your marital status, the names of all beneficiaries, and the number of shares attributed to each beneficiary will allow the portfolio to be distributed according to your wishes. Your account keeper (Air Liquide for Shareholders holding their shares directly with Air Liquide or your financial institution for Shareholders using a financial institution) will execute all instructions given by your notary or the person managing your estate. To enable your shares to be revalued, your account keeper needs to receive a copy of your inheritance declaration form.

Note : in the event of the Shareholder’s death, please contact the Air Liquide inheritance team at successions@airliquide.com.

To be anticipated

Your notary can advise you on personalized solutions for passing on shares as part of a gift or inheritance and will write the deeds.

A few examples:

• Inter-vivos distribution donations allow you to pass on your shares while continuing to receive the dividends: the usufruct. This can be full or partial and donation duties are reduced as they are based on the bare ownership value of the donation;

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  the ban on giving up your shares prevents the sale of the shares or their donation for a period set by the grantor;

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  the right of return allows the grantor to take possession of the shares again if the grantee dies first.

   

   

In all cases, do not forget to leave instructions or documents for your beneficiaries.