{"id":902,"date":"2020-05-10T17:00:35","date_gmt":"2020-05-10T16:00:35","guid":{"rendered":"https:\/\/frenchtax.co.uk\/individuals\/?page_id=902"},"modified":"2020-05-12T14:47:18","modified_gmt":"2020-05-12T13:47:18","slug":"glossary-of-french-tax-terms","status":"publish","type":"page","link":"https:\/\/frenchtax.co.uk\/individuals\/glossary-of-french-tax-terms\/","title":{"rendered":"Glossary of French tax terms"},"content":{"rendered":"<div class=\"cm-glossary term-definition\"><div class=\"glossary-container no-counts\">\r\n         \r\n        <div class=\"progress-indicator\">\r\n            <img src=\"https:\/\/frenchtax.co.uk\/individuals\/wp-content\/plugins\/TooltipProEcommerce\/assets\/css\/images\/ajax-loader.gif\" alt=\"AJAX progress indicator\" \/>\r\n        <\/div>\r\n        <div class=\"glossary_top_filter\">\r\n            <div class=\"left\">\r\n                                                            <div class=\"cmtt_help glossary-search-helpitem\" data-cmtooltip=\"The search returns the partial search for the given query from both the term title and description. So it will return the results even if the given query is part of the word in the description.\"><\/div>\r\n                                        <span class=\"glossary-search-label\">Search:<\/span>\r\n                    <div class=\"glossary-search-wrapper\">\r\n                        <input value=\"\" placeholder=\"\" class=\"glossary-search-term \" name=\"glossary-search-term\" id=\"glossary-search-term\" \/>\r\n                        <button type=\"submit\" id=\"glossary-search\" class=\"glossary-search button\">Search<\/button>\r\n                    <\/div>\r\n                    <a class=\"glossary-search-clear\" title=\"Clear the input\" href=\"\">\r\n                        (clear)                    <\/a>\r\n                                <input type=\"hidden\" class=\"glossary-categories\" name=\"cat\" value=\"31\"><input type=\"hidden\" class=\"glossary-freeze-categories\" name=\"freeze_cat\" value=\"1\">            <\/div>\r\n                <\/div>\r\n        <input type=\"hidden\" class=\"cmtt-attribute-field\" name=\"disable_listnav\" value=\"0\" \/>\r\n        <input type=\"hidden\" class=\"cmtt-attribute-field\" name=\"exact_search\" value=\"0\" \/>\r\n        <input type=\"hidden\" class=\"cmtt-attribute-field\" name=\"show_search\" value=\"1\" \/>\r\n        <input type=\"hidden\" class=\"glossary-hide-terms\" name=\"glossary-hide-terms\" value=\"0\" \/>\r\n        <input type=\"hidden\" class=\"glossary-hide-abbrevs\" name=\"glossary-hide-abbrevs\" value=\"0\" \/>\r\n        <input type=\"hidden\" class=\"glossary-hide-synonyms\" name=\"glossary-hide-synonyms\" value=\"0\" \/>\r\n        <input type=\"hidden\" name=\"tooltip_language\" value=\"\" \/>\r\n        <input type=\"hidden\" name=\"language_dropdown\" value=\"\" \/>\r\n        <input type=\"hidden\" name=\"languages_for_table\" value=\"\" \/>\r\n        <input type=\"hidden\" class=\"cmtt-attribute-field\" name=\"glossary_index_style\" value=\"term-definition\"><div id=\"glossaryList-nav\" class=\"listNav small\" role=\"tablist\"><\/div><ul class=\"glossaryList\" role=\"tablist\" id=\"glossaryList\"><li class=\"cmtg-term-definition_header\">\r\n                            <div class=\"glossary_itemtitle\">Term<\/div>\r\n                            <div class=\"glossary_itemdesc\">Definition<\/div>\r\n                        <\/li><li class=\"\" ><div class=\"term-block\"><a class=\"glossaryLink glossary-link-title  cmtt_French terms cmtt_Abbreviations\"  href=\"https:\/\/frenchtax.co.uk\/individuals\/glossary\/cite\/\"  target=\"_blank\"   style=\"\" >CITE<span class=\"dashicons \" data-icon=\"\" style=\"color:#000;display:inline;vertical-align:baseline;\"><\/span><\/a><\/div><div class=\"glossary_itemdesc\">\nCr\u00e9dit d'imp\u00f4t pour la transition \u00e9nerg\u00e9tique.\n<\/div><\/li><li class=\"\" ><div class=\"term-block\"><a class=\"glossaryLink glossary-link-title  cmtt_French terms\"  href=\"https:\/\/frenchtax.co.uk\/individuals\/glossary\/credit-dimpot-pour-la-transition-energetique\/\"  target=\"_blank\"   style=\"\" ><span class=\"dashicons \" data-icon=\"\" style=\"color:#000;display:inline;vertical-align:baseline;\"><\/span>Cr\u00e9dit d'imp\u00f4t pour la transition \u00e9nerg\u00e9tique<\/a><\/div><div class=\"glossary_itemdesc\">\nA tax credit available for green energy expenditure. It is being phased out from 2020 and replaced with a means-tested grant system called MaPrimeR\u00e9nov.\n<\/div><\/li><li class=\"\" ><div class=\"term-block\"><a class=\"glossaryLink glossary-link-title  cmtt_French terms\"  href=\"https:\/\/frenchtax.co.uk\/individuals\/glossary\/demembrement\/\"  target=\"_blank\"   style=\"\" ><span class=\"dashicons \" data-icon=\"\" style=\"color:#000;display:inline;vertical-align:baseline;\"><\/span>d\u00e9membrement<\/a><\/div><div class=\"glossary_itemdesc\">\nLegally splitting ownership of an asset into two parts: nue-propri\u00e9t\u00e9 ('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-propri\u00e9taire and the owner of(...)<\/div><\/li><li class=\"\" ><div class=\"term-block\"><a class=\"glossaryLink glossary-link-title  cmtt_French terms\"  href=\"https:\/\/frenchtax.co.uk\/individuals\/glossary\/foyer-fiscal\/\"  target=\"_blank\"   style=\"\" ><span class=\"dashicons \" data-icon=\"\" style=\"color:#000;display:inline;vertical-align:baseline;\"><\/span>Foyer fiscal<\/a><\/div><div class=\"glossary_itemdesc\">\nThe tax household. In France the family is normally taxed as a unit, although there are exceptions to this rule. This unit is known as the foyer fiscal. The foyer fiscal includes the two spouses\/civil partners and their dependants, normally children under 18, all living in the same household.(...)<\/div><\/li><li class=\"\" ><div class=\"term-block\"><a class=\"glossaryLink glossary-link-title  cmtt_French terms\"  href=\"https:\/\/frenchtax.co.uk\/individuals\/glossary\/impot-sur-la-fortune-immobiliere\/\"  target=\"_blank\"   style=\"\" ><span class=\"dashicons \" data-icon=\"\" style=\"color:#000;display:inline;vertical-align:baseline;\"><\/span>Imp\u00f4t sur la fortune immobili\u00e8re<\/a><\/div><div class=\"glossary_itemdesc\">\nFrench property wealth tax.\n<\/div><\/li><li class=\"\" ><div class=\"term-block\"><a class=\"glossaryLink glossary-link-title  cmtt_French terms\"  href=\"https:\/\/frenchtax.co.uk\/individuals\/glossary\/impot-sur-le-revenu\/\"  target=\"_blank\"   style=\"\" ><span class=\"dashicons \" data-icon=\"\" style=\"color:#000;display:inline;vertical-align:baseline;\"><\/span>Imp\u00f4t sur le revenu<\/a><\/div><div class=\"glossary_itemdesc\">\nIncome tax.\n<\/div><\/li><li class=\"\" ><div class=\"term-block\"><a class=\"glossaryLink glossary-link-title  cmtt_French terms\"  href=\"https:\/\/frenchtax.co.uk\/individuals\/glossary\/impot-sur-les-plus-values-immobilieres\/\"  target=\"_blank\"   style=\"\" ><span class=\"dashicons \" data-icon=\"\" style=\"color:#000;display:inline;vertical-align:baseline;\"><\/span>Imp\u00f4t sur les plus values immobili\u00e8res<\/a><\/div><div class=\"glossary_itemdesc\">\nCapital gains tax.\n<\/div><\/li><li class=\"\" ><div class=\"term-block\"><a class=\"glossaryLink glossary-link-title  cmtt_French terms\"  href=\"https:\/\/frenchtax.co.uk\/individuals\/glossary\/nue-propriete\/\"  target=\"_blank\"   style=\"\" ><span class=\"dashicons \" data-icon=\"\" style=\"color:#000;display:inline;vertical-align:baseline;\"><\/span>nue-propri\u00e9t\u00e9<\/a><\/div><div class=\"glossary_itemdesc\">\nBare ownership. This refers to an asset with split ownership (d\u00e9membrement). The 'bare owner' (nue-propri\u00e9taire) is the legal owner of the asset. They can sell and gift the asset. The other part of the split ownership is the usufruit.\n<\/div><\/li><li class=\"\" ><div class=\"term-block\"><a class=\"glossaryLink glossary-link-title  cmtt_French terms\"  href=\"https:\/\/frenchtax.co.uk\/individuals\/glossary\/projet-de-loi-de-finances\/\"  target=\"_blank\"   style=\"\" ><span class=\"dashicons \" data-icon=\"\" style=\"color:#000;display:inline;vertical-align:baseline;\"><\/span>Projet de loi de finances<\/a><\/div><div class=\"glossary_itemdesc\">\nDraft Finance Bill. Projet means 'draft'. It contains the proposed changes to tax laws. It is presented by the French government to the French parliament near the end of the year. It is then debated and voted on by the end of the year. Unless specified otherwise the changes will apply to the(...)<\/div><\/li><li class=\"\" ><div class=\"term-block\"><a class=\"glossaryLink glossary-link-title  cmtt_French terms\"  href=\"https:\/\/frenchtax.co.uk\/individuals\/glossary\/regime-reel\/\"  target=\"_blank\"   style=\"\" ><span class=\"dashicons \" data-icon=\"\" style=\"color:#000;display:inline;vertical-align:baseline;\"><\/span>R\u00e9gime r\u00e9el<\/a><\/div><div class=\"glossary_itemdesc\">\nThis describes a tax regime whereby a business is taxed based on gross income less actual deductible expenses. It contrasts with the r\u00e9gime micro which ignores the actual expenses; instead the deemed expense is a flat rate percentage (34%, 50% or 71% depending on the type of business) of the(...)<\/div><\/li><li class=\"\" ><div class=\"term-block\"><a class=\"glossaryLink glossary-link-title  cmtt_French terms\"  href=\"https:\/\/frenchtax.co.uk\/individuals\/glossary\/revenu-fiscal-de-reference\/\"  target=\"_blank\"   style=\"\" ><span class=\"dashicons \" data-icon=\"\" style=\"color:#000;display:inline;vertical-align:baseline;\"><\/span>revenu fiscal de r\u00e9f\u00e9rence<\/a><\/div><div class=\"glossary_itemdesc\">\nTotal 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.\n<\/div><\/li><li class=\"\" ><div class=\"term-block\"><a class=\"glossaryLink glossary-link-title  cmtt_French terms\"  href=\"https:\/\/frenchtax.co.uk\/individuals\/glossary\/societe-civile-immobiliere\/\"  target=\"_blank\"   style=\"\" ><span class=\"dashicons \" data-icon=\"\" style=\"color:#000;display:inline;vertical-align:baseline;\"><\/span>Soci\u00e9t\u00e9 Civile Immobili\u00e8re<\/a><\/div><div class=\"glossary_itemdesc\">\nA 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.\n<\/div><\/li><li class=\"\" ><div class=\"term-block\"><a class=\"glossaryLink glossary-link-title  cmtt_French terms\"  href=\"https:\/\/frenchtax.co.uk\/individuals\/glossary\/taxe-sur-la-valeur-ajoutee\/\"  target=\"_blank\"   style=\"\" ><span class=\"dashicons \" data-icon=\"\" style=\"color:#000;display:inline;vertical-align:baseline;\"><\/span>Taxe sur la valeur ajout\u00e9e<\/a><\/div><div class=\"glossary_itemdesc\">\nValue added tax.\n<\/div><\/li><li class=\"\" ><div class=\"term-block\"><a class=\"glossaryLink glossary-link-title  cmtt_French terms\"  href=\"https:\/\/frenchtax.co.uk\/individuals\/glossary\/usufruit\/\"  target=\"_blank\"   style=\"\" ><span class=\"dashicons \" data-icon=\"\" style=\"color:#000;display:inline;vertical-align:baseline;\"><\/span>usufruit<\/a><\/div><div class=\"glossary_itemdesc\">\nUsufruct. This refers to an asset with split ownership (d\u00e9membrement). The usufruit is the right to use and receive income from the asset. The other part of the split ownership is the nue-propri\u00e9t\u00e9. As an example, if the asset is a property, then the owner of the usufruct (the usufruitier)(...)<\/div><\/li><\/ul><\/div><div class=\"clear clearfix cmtt-clearfix\"><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"default","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":""},"uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false},"uagb_author_info":{"display_name":"Kehinde Dauda","author_link":"https:\/\/frenchtax.co.uk\/individuals\/author\/kehftx480\/"},"uagb_comment_info":0,"uagb_excerpt":null,"_links":{"self":[{"href":"https:\/\/frenchtax.co.uk\/individuals\/wp-json\/wp\/v2\/pages\/902"}],"collection":[{"href":"https:\/\/frenchtax.co.uk\/individuals\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/frenchtax.co.uk\/individuals\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/frenchtax.co.uk\/individuals\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/frenchtax.co.uk\/individuals\/wp-json\/wp\/v2\/comments?post=902"}],"version-history":[{"count":6,"href":"https:\/\/frenchtax.co.uk\/individuals\/wp-json\/wp\/v2\/pages\/902\/revisions"}],"predecessor-version":[{"id":991,"href":"https:\/\/frenchtax.co.uk\/individuals\/wp-json\/wp\/v2\/pages\/902\/revisions\/991"}],"wp:attachment":[{"href":"https:\/\/frenchtax.co.uk\/individuals\/wp-json\/wp\/v2\/media?parent=902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}