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Legal news

THE WEALTH TAX

Posted on : January 10, 2010

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 (“obligation fiscale”) and all its possessions (“biens”) whether located in France or in a foreign country, […]

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THE REMORTGAGING

Posted on : January 7, 2010

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 conventional mortgage (“l’hypothèque conventionnelle”) previously included in the land registry to guarantee a new debt which is not included […]

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