Question to an expert
What is the interest of pacsier compared to cohabitation?
In cohabitation, there is little involvement, but also little protection. You have no obligation to each other except that of living together. Each is the owner of the goods that he buys, and assumes the expenses that he incurs. Everyone pays their tax.
On the other hand, you are taxed together with the real estate wealth tax (IFI). In the event of death, you are not heirs to each other, so that in the event of a bequest, you are taxed at 60%. By subscribing to a civil solidarity pact (PACS), you choose to become legally binding. You must provide mutual assistance and material aid, particularly in the event of illness or unemployment.
For the management of your property, you have the choice between two regimes. Or the regime of separation, where everyone retains ownership of their property, provided they can prove it.
No inheritance tax
Either the system of joint ownership of acquisitions, where all the goods that you buy, together or separately, belong to you 50/50. Please note, you cannot request reimbursement from your partner if you have financed more than half.
Everyone assumes their debts, except for those contracted for the needs of everyday life such as rents, electricity, school fees. You are subject to joint taxation. In terms of protection, the PACS is a first step, but you will need to provide a will, because you are not heir to each other.
However, no inheritance tax will be due. Partner status also gives the right to continue to live in the accommodation you occupied for one year until death.
To terminate the PACS, you simply have to make a declaration together with the competent authority or else, one of you alone can terminate the PACS, by having it served on the other by a bailiff.