MAKE A TEMPORARY USUFRUCT DONATION
It is possible to donate an asset whilst retaining its ownership, and to give for a previously determined amount of time, the usufruct of the asset. This is a temporary usufruct donation.
The temporary usufruct donation includes all types of assets that generate revenues, whether it is an investment portfolio or a rented property. This donation means that the donor will temporarily stop receiving the revenues generated by this asset for Break Poverty Foundation to benefit from it
The principal advantage of this donation is that it allows you to remove the asset and the revenues generated by it from your tax declaration for a determined amount of time.
In other words, during the time of the donation, the value of the assets produced in usufruct are excluded from the your taxable base and teh revenues become free of tax.