While owners must complete a new mandatory declaration before June 30, many questions arise in the event of a property split.
This is a new statement that still raises many questions. A few days ago, the General Directorate of Public Finances (DGFiP) announced the implementation of a new mandatory declaration for all owners of real estate. In all, these are 34million owners who are affected by this new declaration for 73 million premises, recalls the DGFiP.
usufructuary to make the declaration
On paper, nothing could be simpler. From their personal tax space, owners can use the Properties tab to complete the declaration requested. The latter being pre-filled, in theory, there is nothing left but to validate the information provided. As a reminder, this declaration must be used to determine precisely the owners still liable for the housing tax (secondary residence, rental housing) or the tax on vacant housing.
If the DGFiP explains that you must complete this document even if you own only one property and this property is your main residence, what happens in the event of the division of property? As a reminder, bare ownership means owning real estate or financial property, but without having the enjoyment of it. In the context of real estate, you can for example having donated your house to your children, but continuing to live in it. We then speak of usufruct. In this situation, who then has to make the mandatory declaration before June 30?
Real estate credit: find out the lowest rates for your project
On the subject, the Directorate General of Public Finances is clear. For example, it is stated on the service-public.fr site that this reporting obligation concerns all owners, individuals and companies, of real estate for residential use, whether they are joint owners or usufructuaries. It is therefore up to the usufructuary to make the declaration. Logical, since in fact, the usufructuary is required to assume certain expenses such as the property tax and so far, the housing tax, unless otherwise agreed with the bare owner.
Real estate taxes: the pitfalls of this new tax obligation for owners