The Dutreil pact is a scheme for transferring a business, usually a family business, with a partial exemption of up to 75% of the free transfer tax. The taxable amount of free transfer duties will therefore be calculated on 25% of the value of the securities sold.
Estate
How should Canadian trust assets be taxed?
For several years now, the French tax authorities have been looking into a number of cases of potential tax fraud involving large French fortunes. They are said to have used Canadian trusts, via the Blue Bridge wealth management company, to evade French wealth tax. However, in ruling no. 21/10189 of February 6, 2023, the Paris Court of Appeal held that the assets of a Canadian trust were only taxable in Canada and not in France, thus ruling out the possibility of tax fraud. Explanations.