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ASTÉRALE Cassinia  ›  Property wealth tax and multi-year planning

Across years, not one decision at a time

Property wealth tax and multi-year planning

The tax position of a large estate is not optimised year by year. A decision taken to save money today can cost ten times more at succession. We reason over the full horizon, and we accept paying more in one year if the total is better for it.

What we look at

Property wealth tax

Tax base, deductible liabilities, non-deductible debts between relatives, capping by reference to income, exempt business assets. The cap is the most poorly used lever.

Income

Arbitrage between pay, dividends and flows up to a holding; effect on social levies, the high-income surcharge and social rights.

Capital gains

Sales of shares and of property, holding-period reliefs where they survive, and above all the sequence of operations within the year.

Wrappers

Life insurance, capitalisation contracts, equity and retirement plans: their value lies as much in their succession treatment as in income tax.

Three situations we have met

A cap never claimed

Household income had fallen sharply after a sale. The wealth tax cap had not been applied for two years, because the calculation was never redone.

A liability disallowed

A debt taken out with a company controlled by the taxpayer had been deducted from the wealth tax base. It was not deductible. Voluntary correction was preferred to the risk of an audit.

Two sales in one year

Selling the building and the shares in the same year tipped the household into the high-income surcharge. Moving one by six weeks was enough.

Frequently asked questions

Do you file returns?

No. We prepare the material, check the positions and work with your accountant or tax lawyer, who files.

Do you offer optimisation schemes?

We propose nothing whose economic logic we could not explain to an inspector. An arrangement with no purpose other than tax is a risk, not a solution.

Can wealth tax be removed from our situation?

Rarely, and rarely without side effects. It can often be brought back to its exact level, which is not the same as enduring it.

General information: this page is neither personalised advice, nor an offer, nor an investment recommendation. Legal and tax deeds are drawn up by your notary, lawyer and accountant, whom we coordinate. All investment carries a risk of capital loss. Regulatory statuses and full legal notice on the Legal notice page (French).

First meeting · Confidential

Let us talk about your situation

If you head a family estate that nobody sees in full any more, that is what the first meeting is for: rebuilding the whole picture and telling you, plainly, whether there is a case for working together.