Specialized in
French tax returns
click here...
|
1 0 0 % E N G L I S H W E B S I T E |
News n°15 - April 2008
Summary • Next deadline • V.A.T. (Leaseback) annual tax form • New inheritance tax law (2/2) • New Wealth tax scale (as from January 1st, 2008) |
||||||||||||||||
|
Next deadline 30/04/2008: Leaseback: Deadline for submitting 2007 VAT declaration. (minimum FINE FOR NO DECLARATION : 1.500 euros) Furnished rentals: Deadline for submitting 2007 income declaration. (minimum FINE FOR NO DECLARATION : 150 euros) 15/05/2008: Deadline for submitting 2008 3% tax form (for foreign company) Full schedule... |
|||||||||||||||||
|
V.A.T. (Leaseback) annual tax form If you purchased a LEASEBACK property, you have until the 30th april to submit your 2007 VAT declaration! If you would like to do so, Click here. We will assist you to fill it in properly. Deadline: 30th April 2008 |
|||||||||||||||||
|
New inheritance tax law (2/2) Creation of a 30 000 € exemption for a money gift These gifts have to be given in unrestricted ownership to the benefice of a child, a grand-child, great grand-child or if the donor does not have one, to the benefice of a nephew or a niece. The beneficiaries have to be major or emancipated and the donor aged less than 65 years old. These measures apply to the gifts and deaths that took place as from the date of the law publication to the ‘Official Journal’. Creation of an income tax credit regarding the loan interest It concerns every person who make a loan to buy or to construct their main residence. To benefit by this tax credit, the deed of sale of the main residence had to be signed as from the 6th May 2007. The tax credit is calculated on the loan interest paid during the 5 first years of the reimbursement. It equals to 40% of the paid interest for the first year of reimbursement and to 20% for the 4 next years, but is limited to 3750 € for a single person and 7500 € for a couple (married or linked by a PACS). These limits are then increased of 500 € per dependant. They are doubled for handicapped persons, ie 7500 € for a single person and 15000 € for a couple when a member of the household is handicapped. |
|||||||||||||||||
|
New Wealth tax scale (as from January 1st, 2008)
|
|||||||||||||||||