Gift money to family while keeping control. The gift is legally transferred but you owe them the amount with 6% annual interest.

Action Steps

1. 1Create a notarial deed documenting the paper gift
2. 2You must pay 6% interest annually to the recipient
3. 3The gift reduces your Box 3 wealth immediately
4. 4Recipient's wealth increases but may be below their exemption
5. 5Interest payments are not tax-deductible for you
6. 6On your death, the debt is settled against inheritance

Requirements

• •Notarial deed required
• •Must pay 6% annual interest (actually pay it!)
• •Must be a genuine gift, not a loan

Questions for Bas