French Tax & Trusts - A Whistlestop Tour for Professional Advisors

Introduction

This webinar will explore the key concepts of trusts and how they relate to French tax legislation. Reporting obligations and different types of tax from income tax to real estate tax will be explored.

What You Will Learn

This short webinar will cover the following:

Key Concepts

• The concept of trust
• The meaning of settlor, beneficiary, beneficiary deemed to be settlor, and trustee

Reporting Obligations

• Territorial scope
• Annual return
• Event-based return
• Exemption and administrative tolerances
• Penalties for non-compliance

French Tax - A Summary

• Income tax
• Taxation of trust income
• Taxation of income distribution
• Taxation of undistributed income
• Inheritance tax
• Territorial scope
• Gifts and inheritances
• Other transmissions
• Wealth tax and sui generis taxation
• Wealth tax overview
• Sui generis taxation
• Real estate tax

This webinar was recorded on 25th May 2023