Usufruct and bare ownership : a simulator to calculate the distribution of the value of the property

MIL OSI Translation. Government of the Republic of France statements from French to English
Credits : © tamayura39 – Fotolia.com

You consider a donation ? You are in a process of succession ? Do you know that, in this kind of cases, when full ownership is split between usufruct and bare ownership, the value of the property should be distributed. This split between usufruct and bare ownership responds to a tax scale based on the age of the usufructuary. Find the simulator proposed by Service-public.fr.

To use the simulator tax scale of the usufruct and the bare ownership and thus, knowing the distribution of the value of a property between the usufructuary and the bare owner in the case of “dismemberment” of ownership, you must enter :

the amount of the value of the property to distribute

You will then get as a result 4 values :

the usufruct as a % of the value of the property

Reminder :

Full ownership of a property includes the rights to use the property or rent it out to earn income as well as the rights to sell it, give it away, bequeath it, destroy it… When the full ownership of property is shared (we say ” dismembered “) between usufruct and bare ownership, the usufruct is the right to use the property and collect the income without being the owner, while the bare ownership is the ownership of the property but without having the right to use or derive income.

EDITOR’S NOTE: This article is a translation. Please forgive us should the grammar and/or sentence structure is not be perfect.