Glossary of French tax terms

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  • Term
    Definition
  • Legally splitting ownership of an asset into two parts: nue-propriété ('bare ownership') and usufruit ('usufruct' = right to use the asset and receive income it). The two are like distinct assets which can be owned by different people. The 'bare owner' is the nue-propriétaire and the owner of(...)
  • French property wealth tax.
  • Income tax.
  • Bare ownership. This refers to an asset with split ownership (démembrement). The 'bare owner' (nue-propriétaire) is the legal owner of the asset. They can sell and gift the asset. The other part of the split ownership is the usufruit.
  • Total taxable income adjusted by adding other income that has not been taxed. It is used often in France for means-testing eligibility for tax advantages and social security benefits.
  • A type of French company specifically for owning and managing real estate property. It is a way for several people to own property jointly. The shareholders of the company can more easily transfer their share of the underlying property by transferring shares in the company.
  • Value added tax.
  • Usufruct. This refers to an asset with split ownership (démembrement). The usufruit is the right to use and receive income from the asset. The other part of the split ownership is the nue-propriété. As an example, if the asset is a property, then the owner of the usufruct (the usufruitier)(...)
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