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How are life annuities taxed for consideration?
Verified 08 avril 2021 - Legal and Administrative Information Directorate (Prime Minister)
Part of life annuities for consideration is subject to income tax. This part varies according to your age at the time of the 1to payment of the annuity.
To Date 1to payment, the taxable portion is
Your age at 1to payment | Taxable fraction |
|---|---|
Under 50 | 70% |
50 to 59 years | 50% |
60 to 69 years | 40% |
Over 69 | 30% |
On your tax return, you must show the gross amount of life annuities for consideration received in 2020 by your members tax centre.
The tax authority will calculate their taxable fraction.
Online Declaration
Internet reporting is mandatory if your main residence is equipped with internet access and you are able to make your declaration online.
2021 Online 2020 Income Statement
Ministry of Finance
Before validating your pre-completed return online, you must verify the information provided and, if necessary, correct and complete it. Keep supporting documents for 3 years if requested by the administration.
Paper Declaration
In 2021, you can report your income on paper if you are in one of the following situations:
- Your main residence is not equipped with internet access
- It is equipped with internet access, but you are not able to make your declaration online
You will use the pre-completed paper return received between April and June 2021. Depending on your situation, this is the return No 2042 or 2042 C. Declaration #2042 RICI groups major tax credits and reductions.
If you do not receive a print (1st declaration, change of address, change in family situation), you can report online or download the necessary declarations from early May on service-public.fr or www.impots.gouv.fr.
Certain income is to be reported on a separate return. You can also download them online. The main annexed declarations are:
- Form 2044 for the declaration of land income
- Form 2074 for the capital gains
- Form 2047 for foreigner income
Before signing your return, you must verify the information provided and, if necessary, correct and complete it.
You do not have to attach supporting documents to your paper return unless they are documents prepared by you (such as a detailed list of your actual expenses). However, keep the documents for 3 years if requested by the administration.