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Simple English definitions for legal terms
droit de détraction
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A quick definition of droit de détraction:
Term: Droit de détraction
Definition: Droit de détraction is a tax that is imposed on property that is inherited or received through a will and then taken to another state or country. This means that if someone inherits property or receives it through a will and then decides to move it to another location, they may be required to pay a tax on it.
A more thorough explanation:
Droit de détraction is a tax that is imposed on property that is inherited or received through a will and then taken to another state or country.
For example, if someone inherits a house in France and then decides to sell it and move to the United States, they may be subject to a droit de détraction tax on the value of the property.
Another example would be if someone receives a large sum of money through a will and then transfers it to a bank account in another country, they may also be subject to a droit de détraction tax on that amount.
These examples illustrate how the droit de détraction tax applies to property that is acquired through inheritance or a will and then taken to another location, whether it be another state or country.