The Balmont blog

In summary… Leaving France with a securities portfolio triggers the exit tax. Article 167 bis of the French General Tax Code (CGI) taxes your unrealized capital gains on the day of departure, as if you had sold them. […]

In summary… A self-employed worker has two separate deduction envelopes: that of article 154 bis of the CGI, professional, and the retirement savings ceiling of article 163 quatervicies, personal. […]

In summary… The property deficit deductible from total income is capped at €10,700 per year. For energy-efficient renovations that bring a property out of energy classes E, F, or G, […]

In summary… With only the €100,000 allowance per parent, a couple transferring €768,730 to their son pays €110,135 in taxes. By combining four tax breaks per parent (the allowance under Article 779, […]

In summary… Since 2021, the French National Health Insurance (Assurance Maladie) has been compensating sick leave for self-employed professionals. The process is straightforward: a 3-day waiting period, compensation up to the 90th day, and €197.51 per day. […]

In summary… When the final destination is a non-registration country and the departure date is inconvenient, an interim stay in a registrar's country allows for the termination of French residency beforehand. […]

In summary… A child who inherits €500,000 from a parent pays €78,194 in inheritance tax. The €100,000 allowance under Article 779 is renewed every fifteen years. […]

In summary… The renewal notice is the only document every insured person receives each year, and the only one no one opens. It doesn't announce a withdrawal: it opens the only window of […]

In summary… A company that regularly sends employees outside of France has three obligations that don't stop at the border: the safety of its employees, effective social security coverage […]

In summary… Transferring a €4 million company to two children costs, without preparation, €617,394 in taxes for each child. This is achieved with a Dutreil agreement and a gift of full ownership. […]

In summary… The 183-day rule is not included in Article 4 B of the French General Tax Code (CGI). French law recognizes three alternative criteria, and only one is sufficient to maintain tax residency. One […]

In summary… Franco-Belgian tax relations are governed by the convention of March 10, 1964. A completely new convention was signed on November 9, 2021, to replace it. It does not apply […]

In summary… Since the Lemoine law, borrower's insurance can be changed at any time, free of charge and, under two conditions, without a health questionnaire. On a loan of €250,000 over 20 years […]