FAQ

You can reduce your tax and even bring your IFI down to zero by making a gift to a foundation which is recognised as being in the public interest such as the MSF Foundation, if you remain within the limit of the deduction ceiling of 50,000 Euros. The calculation to be made is easy. You must divide the amount of your Property Wealth Tax by 0.75. For example, if you have to pay €1,500 in Property Wealth Tax, you can deduct your tax totally by making a gift of 2,000 Euros.

January 2023

Your tax is deducted each month from the income paid by third parties, or deducted from your bank account by the tax authorities (income without third parties).

15th of January 2023

You receive 60% of the amount of your tax reduction if you have made donations in 2021.

April/June 2023

You complete your 2022 tax return and report the total amount of donations made in 2022.

July 2023

You receive your 2022 tax notice. The balance of the tax reduction is calculated and paid by the tax authorities.

IFI is calculated on the taxpayer’s net taxable property assets, i.e. on the value of the taxable real estate after deduction of liabilities, on the 1st of January of the year.

Property assets means: movable or immovable property possessed directly or indirectly by the taxpayer’s tax household. The calculation does not include totally or partially exempted property: professional property, works of art, antiquities or collectors’ items, woods and forests or shares in forestry groups, securities received in connection with subscriptions to the capital of SMEs (unless they are already exempted as professional property). 

Justifiable non-professional liabilities payable by the taxpayer on the 1st of January of the year are also deducted.

All individuals whose property wealth is greater than €1,300,000 are subject to IFI. You must therefore evaluate your property assets according to their market value on the 1st of January 2021: buildings and undeveloped real estate; property assets and rights held in usufruct; property assets and rights under lease finance or rent-to-buy arrangements; securities of companies representing the property owned by these companies.

If your net taxable property wealth is greater than €1,300,000, you make your IFI declaration at the same time as your income tax return by filling in form 2042 IFI which you attach to your statement, indicating all of your property assets.

It should also be noted that filling in box 9GI of the declaration form, concerning property exempted due to its assignment to professional activity, is not mandatory.

As of the 1st of January 2018, whatever the amount of your assets, you make your IFI declaration at the same time as you fill out your income tax return. You declare the amount of your gross and net taxable assets together with the amount of the payments entitling you to tax reductions in box 9 of your supplementary income tax return 2042 IFI, in the section entitled “Tax reduction for public interest organisations operating in France”, without attaching any annexes or supporting documents.  For further information, refer to www.impots.gouv.fr

The donor must an adult, sound of mind (Art. 901 of the French Civil Code) and under 80 years old. The donation must not affect the compulsory share, i.e. the minimum share, set aside for certain heirs – referred to as the “compulsory heirs” – in your estate.

Your donation must in all cases be made by way of a notarised deed. It must be made to public interest organisations authorised to receive donations, as is the case with the MSF Foundation. In the case of a temporary donation of usufruct, you may under no circumstances reduce the beneficial owner’s rights.

Your donation may concern a sum of money, a jewellery item, a collector’s item, shares, bonds, royalties, an apartment, etc.

Donation is an act which must be carefully considered because you transfer your property during your lifetime in an immediate and irrevocable way.

We make every effort to issue tax receipts as quickly as possible. It generally takes two weeks from the date of receiving your gift to issue your tax receipt.

You can also print out your tax receipt from your donor space, here.

As of the 1st of January 2018, you make your IFI declaration at the same time as your income tax return. You no longer have to attach your tax receipts when sending your declaration by post or via the Internet. However, we advise you to keep them because you must be able to produce documentary proof of your gifts upon request by the tax department.

TECHNOLOGICAL INNOVATION: in regions affected by a conflict or which are hard to access, we rely on 3D technology to design and print prosthetics adapted to the needs of our patients who have lost a limb and compression masks for facial burns victims. We are also committing ourselves to the fight against antibiotic resistance by participating in the creation of a transportable laboratory adaptable to the various difficulties encountered in the fields of intervention, in order to acquire better knowledge of pathogens and prescribe antibiotics appropriately. We are also developing Antibiogo, a smartphone application which aims to combat antibiotic resistance in low-resource countries by using artificial intelligence and new technologies. In response to the Covid 19 epidemic, we have also developed two mobile application projects, one in Niger and the other in the Democratic Republic of Congo, to help to combat Coronavirus.

APPLIED MEDICAL RESEARCH: we finance the Epicentre study which aims to prove the effectiveness of fractionation of the vaccine against yellow fever and initiate a large-scale change of practice in the event of an epidemic.
 

HUMANITARIAN KNOWLEDGE: we award scholarships enabling field managers to take university courses leading to diplomas. The aim is to improve managers’ expertise and thus better prepare them to deal with complex work situations. With the Cooperative Learning Laboratory (LAC) project we seek to free the creativity of operational managers at the head office and in field and encourage the development of collective learning within our association.

Recognised as being in the public interest since 1989, the MSF Foundation benefits from total exemption from death duties. It receives the whole amount of the estate you pass on to it

To prepare for your inheritance, it is essential to take your family situation into account. If you have children and/or a spouse, they are your compulsory heirs. As such they are protected by the Law. You are then free to assign the disposable portion, i.e. the remainder of your estate. If you have no children or spouse, you are free to assign the whole of your estate as you wish.

To ensure that your wishes are respected, we recommend that you draw up a will and file it with your notary.

We are supported by a team which has all the necessary skills and expertise: property law, family law, inheritance law, etc. 

We also work with the notaries dealing with the estate, to guarantee that the bequest will be implemented exactly as you wish.

First of all we schedule a meeting to discuss with you and provide you with the initial information you need to help you in your reflection. In accordance with the specificities of your estate, your personal situation and the forms of transmission you envisage, we will define with you the legal solution which suits you. We then advise you to discuss it with your notary to validate this proposal and take your decision. This assistance is of course completely free of charge and you can decide at any time not to proceed with the proposal.