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Withdrawal tax
Posted: Wed Feb 15, 2023 2:41 pm
by Grangela
Having just withdrawn a chunk of an assurance vie policy to contribute towards our flat in Pau, we need to pay a chunk of tax to the Trésor Public à la Banque de France.
If I do a virement, where do I find the relevant BIC or IBAN? My mind has gone blank. Again. It’s not on the form I’ve just laboriously filled in.
Thanks in advance. Angela
Withdrawal tax
Posted: Wed Feb 15, 2023 5:33 pm
by MAD87
Ask your bank to advise?
Edit: when my ass vie ended, it was paid net, but I don't know what the position is with partial withdrawals. Perhaps ask your insurer first.
Withdrawal tax
Posted: Wed Feb 15, 2023 5:43 pm
by Grangela
Thanks for the advice.
Withdrawal tax
Posted: Wed Feb 15, 2023 6:17 pm
by DaveW
If it’s through your bank they should make the tax deduction directly.
Withdrawal tax
Posted: Thu Feb 16, 2023 1:16 pm
by Grangela
It’s not through the bank.
Withdrawal tax
Posted: Thu Feb 16, 2023 1:39 pm
by elsie
If it is a French assurance vie rather than from an organisation in another country, the tax should be deducted automatically.
Withdrawal tax
Posted: Thu Feb 16, 2023 2:44 pm
by Grangela
It’s in Luxembourg. Our financial advisor is in France.
Withdrawal tax
Posted: Thu Feb 16, 2023 4:46 pm
by DominicBest
Have they demanded the tax? The only demands I’ve had have been after completing my annual tax return and then they give details of how to pay.
Withdrawal tax
Posted: Sun Feb 19, 2023 11:47 am
by Grangela
We are being taxed on the gain.
We trotted off to the tax office (Cannes), where they told us to go to Grasse. To do that you need an appointment. I’ve emailed, but if I don’t receive an answer soon I will have to phone.
Angela
Withdrawal tax
Posted: Sun Feb 19, 2023 12:59 pm
by DominicBest
So you have received a tax demand.