Re: Paris wealth tax

other than acqusition of mercedes are you aware of any other addition for wealth tax purposes

please advise

thank you

Richard Kahn
HBRK Associates Inc.

"are you aware of any other additionfor wealth tax purposes": no. As a reminder copy of the invoice for the new car.

Best regards.

Marie-Joseph Experton
Avocat au Barreau de Paris établi à Bruxelles

Would 5 payments to coop for façade cleaning qualify for wealth tax?
Please advise
Thank you

Any "debt" for important work on the building corresponding to amount due and not yet paid on January 1st 2014 could qualify as deductible debt ("dettes deductibles") i.e. debt due for important work on the building still due on January 1st of the current year.

For proof of the overall amount due by SCI JEP, see attached minutes of the general assembly of June 13th, 2013 and its annexes (approximately: 127,740.79 E for SCI JEP) and of the 2 payments made in 2013. Still due on January 1st, 2014: 3 installments of 25,548.21 E each - see attached copy of the letter received today from HELLIER DU VERNEUIL confirming this amount due in 2014.

I also attach for your information, the draft English summary of the decisions of June 13th, 2013 as a reminder.

Do you need an English translation of the letter from HELLIER DU VERNEUIL received today?

NB: Once the works are all over. the value of the building will have to be increased (for 2015), regardless of the annual re-evaluation that you should apply every year.

Best regards.

Marie-Joseph Experton is an attorney registered with the Paris Bar and established in Brussels.

Please confirm receipt of my mail dated May 14th answering questions about French wealth tax.

Best regards.

Marie-Joseph Experton is an attorney registered with the Paris Bar and established in Brussels.

Dear M. Kahn,

Thanks for this information about the building maintenance of SCI JEP.

I will use the unpaid expense (77 K€) as at 31/12/2013 as a liability for the 2014 wealth tax.

Kind regards.

Yves-André GEISMAR

F.-M. RICHARD et Associes

DFK International

Dear M. Kahn,

Please, find attached M. Epstein 2014 wealth tax forms.

The amount payable is 19.124 € decreasing from 2013 (22.863 €) due to the Paris real estate price slow down, end of 2013.

Thanks for your comments.

Would you agree, just print and sign the forms (on page 4), and send them (without the comparison 2013/2014, last page) with a check for 19.124 € to the usual address in Noisy :

SIP NON RESIDENTS

EFTA00992701

Thanks and regards.

Yves-André GEISMAR

F.-M. RICHARD et Associés

DFK International

ok

On Fri, Jun 27, 2014 at 8:12 AM, Richard Kahn wrote:

attached is paris wealth tax return prepared by paris account which i have reviewed current year tax is 19,124 vs prior year of 22,863

accountant says decrease is due to Paris real estate price decrease

only 2 new items on return from last year are: I) addition of new mercedes and deletion ofold mercedes 2) payable of 76,645 at 12/31/2013 for facade cleaning qualifies as a deduction

please advise if ok to pay

Richard Kahn
HBRK Associates Inc.