Legal advice to reduce your wealth tax Geneva and the Switzerland

Importance of the concept of tax residence The determination of tax residence (or even tax domicile) is a key point which largely determines the tax obligations of an individual vis-à-vis a State, whether with regards to income tax, the taxation of capital gains or even gift or inheritance ...

Since 01 January 2018, Property Wealth Tax (IFI) has replaced the French Wealth Tax (Impôt de Solidarité sur la Fortune - ISF).Tax Basis.The new tax applies to any natural person who, along with his/her spouse (spouse, civil partner, or cohabitating partner) and under-age children, possesses net p...

The French tax authorities have clarified that the exemption from social contributions known as CSG (9.2%) and CRDS (0.5%) on income from property received from 1 January 2021 can also apply to UK residents.People, whether or not they are resident in France for tax purposes, who are covered by a...

Do individuals domiciled in France for tax purposes have tax obligations in France when they sell property located abroad, and is capital gain tax due in France?This question is often ignored, considering that French taxation is inapplicable to the sale of foreign real estate, but this is...

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Reporting a gift donation ("don manuel") to the tax administration is not mandatory. However, there are some special cases in which making a declaration is necessary or useful :

In the event of the death of the donor, declaring the gift donation is required in order to complete the declaration of inheritance.

If you are subject to a tax audit, it is also important to declare it in order to explain the origin of the sum of money or object in question. Moreover, declaring the donation makes it possible to fully benefit from the tax deduction renewed every 15 years.

So, it is not mandatory to report these donations to the tax authorities, but it is nevertheless recommended for the reasons stated above.

CM-Tax law firm, based in Lyon and Aix en Provence, assist his clients all over France especially in Nice, the French riviera and Paris and advice to complete your gift declaration.