A deed of donation involves a donor transferring property to a donee without receiving payment.
All donations of immovable property such as land, buildings, airspace, or of rights over an immovable property must be formalised by virtue of a public deed. Certain donations of immovable property are exempt from the taxes and duties that apply to other types of transfers. The exemptions and the applicable tax and duty rates vary depending on the relationship between donor and donee and on the type of immovable being donated.
On the other hand, donations of movable property can be made verbally or in writing. However, a donation involving a substantial sum of money must still be formalised by virtue of a public deed.
