Wealth tax: fifteen-year condition waived for PERP and PERCO plans taken out until 2005
Article 84 of the 2004 Finance Act provides that, until 31 December 2005, the requirement of at least fifteen years of contributions in Article 885 J of the General Tax Code, which exempts the capitalised value of retirement annuities from wealth tax, does not apply to the plans created by Articles 108 and 109 of the Act of 21 August 2003 (PERP and PERCO) when the subscriber joins less than fifteen years before full-rate retirement age.
Measure originators
No official estimate found for this measure.
Measure impact
Wealth taxpayers close to retirement who join a PERP or PERCO before the end of 2005 can exclude these plans from their taxable assets without fifteen years of contributions.
Official references
Sources
Procedure timeline
Follow the progress of this fiscal measure through the different stages of the parliamentary procedure.
Administrative implementation
Entrée en vigueur de la mesure et mise en œuvre par l'administration
Administrative implementation
Entrée en vigueur de la mesure et mise en œuvre par l'administration
President of the Republic signature
Publication au Journal officiel
Possible referral to Constitutional Council
Décision de conformité / censure partielle