In this article you shall find brief explications on how to use a French Real Estate Company (SCI) in order to transfer your property to the younger generations. In the first place, it shall be noted that the SCI can be an excellent “tool to give”. However, where the older generation would like to pass […]
Read more 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 possible only between living people or by will. […]
Read more 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 for disabled person…) which continue to benefit from the rate of 5,5%. This […]
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fichier à telecharger: The French Tax System
Read more 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. There are some conditions to this statute: – Regarding the turn over (“chiffre […]
Read more 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 (“droits”) and safeties (“sûretés”) to a trustee (“fiduciaire”). Those properties are […]
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