New tax reliefs on donations and Inheritances in 2025: Opportunities for Vaud families

Since January 1, 2025, tax reforms regarding donations and inheritances offer unprecedented opportunities for Vaud families wishing to transfer their assets in an optimized manner. The referendum deadline, which expired on February 27, 2025, confirmed the entry into force of these new provisions, allowing families to plan their asset transfers calmly.

New Reliefs and Limits

The rates for donation and inheritance taxes remain unchanged, but significant adjustments have been made regarding the reliefs.

Indeed, the relief applicable to inheritances has been significantly increased, from CHF 250,000 to CHF 1,000,000. Similarly, annual donations now benefit from increased relief, from CHF 50,000 to CHF 300,000.

These changes aim to encourage intergenerational transfers while protecting family assets.

Concrete Examples of Donation Calculation

To illustrate these new provisions, let's take the example of a donation made by two parents to their child. Suppose each parent wishes to give CHF 300,000 to their child. Thanks to the new reliefs, each parent benefits from a relief of CHF 300,000, which means that the entire donation, i.e., CHF 600,000, is tax-exempt.

Detailed calculation:

Amount of donation per parent: CHF 300,000
Relief per parent: CHF 300,000
Taxable amount: CHF 0

Thus, the child receives CHF 600,000 without any taxation, allowing the parents to transfer a significant part of their assets while meeting important life projects for the new generations.

This operation can be replicated for each child in the case of multiple children, allowing significant amounts to be transferred to each descendant without taxation.

Conclusion

The 2025 tax reforms offer valuable opportunities for Vaud families wishing to meet the life projects of the next generation while optimizing the transfer of their assets. Piguet Galland, with its expertise in wealth management advice, supports its clients in these transfer projects by offering personalized solutions tailored to their needs. Whether for estate planning, tax optimization, or portfolio management, Piguet Galland is the ideal partner to ensure a successful and serene asset transition.

For more information on how Piguet Galland can assist you in your asset transfer projects, do not hesitate to contact our specialized advisors.