French General Tax Code
In forceI. - For the purposes of calculating registration duties and land registration tax, the value of the bare ownership and usufruct is determined by a proportion of the value of the entire property, in accordance with the following scale:
AGE | VALUE | VALUE |
Less than : | ||
21 years of age | 90 % | 10 % |
31 years of age | 80 % | 20 % |
41 years of age | 70 % | 30 % |
51 years old | 60% | 40% |
61 years old | 50% | 50% |
71 years of age | 40 % | 60 % |
81 years of age | 30 % | 70 % |
91 years of age | 20 % | 80 % |
Over 91 years of age | 10% | 90% |
To determine the value of the bareproperty, only usufructs open on the day of the transfer of this bare ownership are taken into account.
II. - Usufruct constituted for a fixed term is estimated at 23% of the value of the entire property for each ten-year period of the duration of the usufruct, without fraction and without regard to the age of the usufructuary.
