Declaration of Trusts

17 June 2020

The deadline for the filing of the declaration that trustees have to subscribe each year is exceptionally extended to 30 September 2020 instead of 15 June, (late) announcement by the French Tax Authorities. It is recalled that trustees must declare annually the market value on January 1st of the assets and rights as well as the capitalized proceeds placed in the Trust (regardless of the location of the assets if at least one of the settlors, deemed settlors or beneficiaries is domiciled in France, or only located in France otherwise).