France's 2027 budget: no tax break for gifting Bitcoin directly
- —Cash gift allowance rises from €31,865 to €50,000 from January 1 to June 30, 2027
- —It stacks with the standard €100,000 parent-to-child allowance, allowing up to €150,000 tax-free
- —Direct Bitcoin gifts do not qualify: holders must sell BTC and transfer euros instead
- —Crypto gifts still use standard allowances: €100,000 to a child, €31,865 to a grandchild
Why it matters: French Bitcoin holders can only benefit by selling their coins first, triggering a taxable event and making direct crypto inheritance less attractive.
Source: Cryptoast