FACTSHEET 11
Passing on shares and related taxation
What solutions are available to pass on my shares?
Passing on your Air Liquide shares to your loved ones, in addition to the share performance, means sharing a strong shareholder culture with them and your commitment to the Group.
The element of taxation apply to french residents for tax purposes.
FOUR WAYS OF PASSING ON YOUR SHARES
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SHARED GIFTS Anticipated total or partial allocation of your shares to your children alone(a) | SIMPLE GIFTS Anticipated allocation of your shares to the beneficiary of your choice | HAND-TO-HAND GIFTS Facilitated passing on of your shares to your loved ones | CUSTOMARY GIFTSA present given on a special occasion (wedding, birthday, Christmas, etc.) |
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| Notarial deed and declaration carried out by a notary |
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| Lower inheritance taxes |
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| May be added to the grantor’s estate |
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May be added to the grantor’s estate HAND-TO-HAND GIFTS Facilitated passing on of your shares to your loved ones
(included in the allocation of the grantor’s assets) |
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| Purchase price valued at the average share price on the day of the gift by the notary or at the closing price of the previous trading day |
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| Purchase price 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 |
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| Purchase price of zero |
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| Loyalty bonus maintained |
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Loyalty bonus maintained SIMPLE GIFTS Anticipated allocation of your shares to the beneficiary of your choice
(maintained if the gift is made to a spouse or relative entitled to inherit) |
Loyalty bonus maintained HAND-TO-HAND GIFTS Facilitated passing on of your shares to your loved ones
(maintained if the gift is made to a spouse or relative entitled to inherit) |
Loyalty bonus maintained CUSTOMARY GIFTSA present given on a special occasion (wedding, birthday, Christmas, etc.)
(maintained if the gift is made to a spouse or relative entitled to inherit) |
| Written agreement from both parties required. In order to value the shares passed on, the grantee’s local tax authority must be notified of the gift within one month, using French tax form 2735. A copy of this form must then be sent to Air Liquide’s Shareholder Services if you are directly registered, or to your account keeper if you are intermediary registered or bearer. |
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| Must represent a relatively small share of the grantor’s assets |
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| Does not need to be declared to the fiscal authorities |
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(a) Transgenerational shared gifts: donation to grandchildren.