Glossary

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  • Term
    Definition
  • The tax you pay when you sell an asset such as a property or shares. French: impôt sur les plus values.
  • Capital gains tax. French: impôt sur les plus values.
  • 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(...)
  • European Economic Area - the European Union countries plus Iceland, Liechtenstein and Norway
  • European Union.
  • French: Union européenne. The 27 member countries of the European Union are: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania,(...)
  • French property wealth tax.
  • Income tax.
  • Capital gains 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.
  • The capital gains tax you pay on the sale of real estate property. In France and the UK, the CGT treatment on the sale of real estate property differs from the sale of other assets. French: impôt sur les plus values immobilières.
  • 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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