{"id":199,"date":"2025-03-21T17:09:00","date_gmt":"2025-03-21T15:09:00","guid":{"rendered":"https:\/\/hawai.li\/de-le-court\/?p=199"},"modified":"2026-04-07T18:39:28","modified_gmt":"2026-04-07T16:39:28","slug":"donation-with-usufruct-beware-of-pitfalls","status":"publish","type":"post","link":"https:\/\/dlctax.ch\/en\/donation-avec-reserve-dusufruit-attention-aux-pieges\/","title":{"rendered":"Donation with reservation of usufruct, watch out for the pitfalls"},"content":{"rendered":"<p class=\"wp-block-paragraph\">The parent transfers a property to their children, reserving the usufruct, and the children take on the mortgage debt in their own names. The notarised deed mentions \u00abproperty donation with establishment of usufruct\u00bb.<br><br>The tax authorities consider this not to be a gift but a sale because the property transfer was subject to two counter-performances: (i) the creation of a usufruct in favour of the parent and (ii) the assumption of the mortgage debt. Therefore, there could be no tax deferral as a gift, and the transaction was thus subject to property gains tax.<br><br>The cantonal judges upheld the taxpayer's appeal, ruling that cantonal law provides for tax deferral in the event of the creation of a usufruct in favour of the transferor or (and) the assumption of the mortgage debt by the acquirer.<br><br>Federal judges recall (i) that the tax deferral applies to both gifts and mixed gifts (para. 5.2.1.), (ii) that \u00abthe usufruct reserve is not a counter-performance because the property is already transferred encumbered by the stipulated right of use, i.e. at a value reduced by the capitalised value of the usufruct (deductio servitutis)\u00bb (para. <a href=\"http:\/\/5.2.2.1\">5.2.2.1<\/a>.), (iii) that a cantonal practice which provides for a disproportionate distribution of assets (and therefore a mixed gift) as soon as the difference is 25% is consistent with the LHID, (iv) that a difference of less than 25% allows for the deferral of taxation to be granted as a mixed gift, (v) that a cantonal law which would in all cases grant a deferral of taxation in the event of a mixed gift made in the form of the creation of a usufruct or the assumption of debt, and not on the basis of the disproportion of benefits, is contrary to the LHID (para. 6.3).<br><br>The judgment is in French. It is a Neuch\u00e2tel case. A BGE publication is planned.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">TF, ruling 9C_22\/2024, of 21 March 2025<br><\/p>","protected":false},"excerpt":{"rendered":"<p>\ud83d\udc49 Le parent transfert \u00e0 ses enfants un lot PPE, s&rsquo;en r\u00e9serve l&rsquo;usufruit, et les enfants reprennent la dette hypoth\u00e9caire \u00e0 leur nom. L&rsquo;acte notari\u00e9 mentionne \u00ab\u00a0donation immobili\u00e8re avec constitution d&rsquo;usufruit\u00a0\u00bb. \ud83d\udc49 Le fisc estime qu&rsquo;il ne s&rsquo;agit pas d&rsquo;une donation mais d&rsquo;une vente parce que le transfert immobilier \u00e9tait sujet \u00e0 deux contre-prestations : [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-199","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Donation avec r\u00e9serve d&#039;usufruit, attention aux pi\u00e8ges - de le Court<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dlctax.ch\/en\/donation-with-usufruct-beware-of-pitfalls\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Donation avec r\u00e9serve d&#039;usufruit, attention aux pi\u00e8ges - de le Court\" \/>\n<meta property=\"og:description\" content=\"\ud83d\udc49 Le parent transfert \u00e0 ses enfants un lot PPE, s&rsquo;en r\u00e9serve l&rsquo;usufruit, et les enfants reprennent la dette hypoth\u00e9caire \u00e0 leur nom. 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