III: Trusts

I. – As an exception to the provisions of Article 238 quater I,when the trust contract is terminated, the profits or losses as well as the capital gains or losses resulting from the transfer of the assets or rights from the trust assets to the settlor are not included in the taxable income for the year of transfer if the following conditions are met: 1° The trust contract is terminated…

The trust shall be the subject of a declaration of existence by the trustee under conditions and within time limits set by decree.

The trustee is bound by the reporting obligations normally incumbent on companies subject to the partnership tax regime defined in Article 8.

When the settlor of a trust defined in Article 2011 of the Civil Code does not carry on an activity falling within the articles 34 or 35, an agricultural activity within the meaning of article 63, a professional activity within the meaning of 1 of l’article 92 or a civil activity subject to corporation tax, the transfer of assets or rights into a fiduciary estate is not a chargeable event…

Where the settlor’s rights representing the property or rights transferred into the trust assets are not recorded in the balance sheet of a company, the trust income is taxed in the name of each settlor for the share of income corresponding to his rights representing the property or rights transferred into the trust assets, in proportion to the market value of the property or rights placed in trust, assessed on…

I. – In the event of a transfer for valuable consideration of all or part of the settlor’s rights representing the assets or rights transferred into the trust assets which are not entered on the balance sheet of a company, the results of the trust assets are determined, on the date of the transfer, in accordance with the conditions set out in articles 201 et seq and taxed in the…

Where the settlor does not carry on an activity covered by Articles 34 or 35, an agricultural activity within the meaning of article 63, a professional activity within the meaning of 1 of article 92 or a civil activity subject to corporation tax, and by way of exception to the provisions of II of article 238 quater P, the transfer of assets or rights from the trust estate to the…