Chapter IV: Provisions common to the taxes, income and profits referred to in Chapters I to III

For the purposes of the provisions of this Code, the settlor means the person holding the rights representing the property or rights transferred into the trust estate.

I. – Profits or losses and capital gains or losses resulting from the transfer, carried out pursuant to a trust transaction defined in article 2011 of the Civil Code, into a trust estate of assets and rights entered on the assets side of the balance sheet of the settlor of the trust are not included in the taxable income for the financial year of transfer if the following conditions are…

The transfer of all the settlor’s assets and liabilities to a fiduciary estate does not result in the cessation of the settlor’s activity within the meaning of the articles 201 and 202 when this transfer benefits from the provisions of l’article 238 quater B.