Solidarity tax on wealth

1. Scope of Wealth tax or solidarity tax on wealth (“ISF”) : The solidarity tax on wealth (“ISF”) has to be paid by individuals whose estate, globally appreciated at the level of the different individuals subjected to a common declaration, exceeds th...

LIBERALITIES – DONATIONS AND LEGACIES

Donations & Legacies Principles According to Article 893 of the French Civil Code, a liberality is the action by which a person gives , free of charge, all or part of his or her assets or his or her rights to the benefit of another person. Libera...

SUCCESSION – DONATION_FEES AND SCALES_2014-07-14

Donations & Legacies According to Article 893 of the French Civil Code, a liberality is the action by which a person gives, free of charge, all or part of his or her assets or his or her rights to the benefit of another person. Liberalities are p...

FINANCIAL LAW N°2011-1978 FOR THE YEAR 2012

Legal opinion about the Financial Law n°2011-1978 of December 28, 2011 for 2012 I – V.A.T (“T.V.A”): The Reduced-rate (« taux réduit ») of 5,5% is raised to 7% except for the products and services of first necessity (alimentary products, equipments f...

THE SELF ENTREPRENEUR

SELF ENTREPRENEUR LAW OF AUGUST 4TH 2008. In order to become a self entrepreneur you must register your activity to the “Centre de formalités des enterprises” or to the Chamber of Commerce (“Chambre de commerce”) if you have a commercial activity. Th...

THE TRUST DEED

The trust deed (« la fiducie ») is defined by the article 2011 to 2031 of the French Civil code (Law n° 2007-211 of February 19th 2007). The trust deed is the mean for one or many principals (“constituants”) to transfer properties (“biens”), titles (...

PROPERTY DEALER & PROPERTY VAT

Definition : (article 35 of the French revenue Code). A property dealer (“marchand de biens”) is a person who buys in its own name, in order to sale buildings, businesses/commercial establishments (“fonds de commerce”), shares of a real estate comp a...

BUSINESS LICENSING AND CORPORATE TAX

Any Person / Company wishing to start a business should register himself accordingly at the Registrar of Business (“registre des societés”) where a Business Registration Number (“numéro d’immatriculation”) will be allocated to him. Details such as th...

THE WEALTH TAX

Only natural person (« personne physique ») domiciled in France are submitted to the wealth tax. No matter its nationality, the natural person who has his tax domicile (“domicile fiscal”) in France is submitted to an unlimited fiscal obligation (“obl...

THE REMORTGAGING

The remortgaging (“l’hypothèque rechargeable”) is defined by the article 2422 of the French Civil Code (Ordonnance n° 2006-346, March 23rd of 2006). This legal measure is mandatory. Definition: The remortgaging is the process of using an existing con...

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