Art. 17 Law Establishing an Inheritance and Gift Tax (Inheritance and Gift Tax Act), of October 1, 2002 - Usufruct

1. When the testator or the donor has disposed of the usufruct of their property or certain parts of it in favor of one person while leaving the bare ownership of these same properties to another person, each beneficiary is liable for the tax on the current net value of the benefit of which they are the recipient, with the value calculated in accordance with the life probability tables generally accepted in Switzerland, in matters of insurance.

2. The preceding provision is also applicable, by analogy, in the case of a legacy or donation of a life annuity, or a right of use or habitation.