Pledge of mortgage certificate as gratuitous shareholder benefit

ATA/13/1997Cour de justice / Chambre administrative7 janv. 1997Dismissed

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Résumé Omnilex

The case concerned whether the pledge of a mortgage certificate on a company property to secure a bank loan granted to the shareholders was a taxable gratuitous shareholder benefit. The court held that it was. The bank security was given for the shareholders' own credit, and the services they rendered to the company could not be characterized as an onerous counterperformance. The taxable benefit therefore fell within Art. 66 lit. h LCP.

Regeste Omnilex

Art. 66 lit. h LCP; gratuitous shareholder benefits; a pledge of a mortgage certificate on company real estate securing a bank loan granted to shareholders constitutes a free benefit to the shareholders when no compensatory consideration is rendered to the company. Services performed by shareholders for the company do not, by themselves, amount to an onerous counterperformance capable of excluding the gratuitous character of the benefit.

Texte intégral

Descripteurs

IMPOT; PRESTATION APPRECIABLE EN ARGENT; CEDULE HYPOTHECAIRE; NANTISSEMENT; FIN

Normes

LCP.66 litt.h

Résumé

Constitue une prestation gratuite aux actionnaires, au sens de l'art. 66 litt. h LCP, le nantissement auprès d'une banque d'une cédule hypothécaire grevant l'immeuble d'une société, en contrepartie d'un crédit bancaire accordé aux actionnaires. Les services des actionnaires rendus à la société ne peuvent être considérés comme des prestations de nature onéreuse.

Mots-clés

taxationshareholder benefitmortgage certificatepledgebank loanconsiderationgratuitous benefit

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Questions juridiques clés extraites par Omnilex

Question juridique clé

Whether pledging a mortgage certificate on company property for a bank loan to the shareholders constitutes a gratuitous shareholder benefit taxable under Art. 66 lit. h LCP.

Solution extraite

Yes. The pledge constituted a gratuitous benefit to the shareholders within the meaning of Art. 66 lit. h LCP.

Motifs extraits

The bank security was provided in exchange for a credit granted to the shareholders, not for a compensatory service rendered to the company. The shareholders' services to the company could not be treated as a remunerated, onerous consideration.

Pledge of mortgage certificate as gratuitous shareholder benefitGénéré par IA