Your Trust Might Cost You 31% in France

A US revocable trust that just grows, reinvesting its dividends and interest, can often be reported once a year in France with no income tax owed. The moment it distributes money to you for everyday expenses, that changes. France taxes the distribution as ordinary income at a flat 31.4 percent, because it's usually impossible to prove how much of it was growth versus your original principal, and the US tax treaty doesn't offer relief here.

Subscribe to the newsletter: https://www.passporttowealth.com/contact

#expatfinance #financialplanning #passporttowealth #franceexpat #trustplanning