A short summary with the official deadlines for submitting your various French tax returns for 2020: I – IRPP (French income tax) declaration (for income received in 2019): For residents of departments numbered 1 to 19 as well as for non-French tax residents (Zone 1): the deadline is 4 June 2020; For residents in departments...Read More

The shares in a property company can be transferred in different ways (contributions, transfer, donation and transfer on death, etc.), as appropriate. We shall focus on the transfer of shares in a property company on death. It is necessary initially to understand when this transfer will occur. Since this is a transfer on death, the...Read More

The French Tax Administration (« DGFIP ») has opened up resources enabling taxpayers to determine how their local council taxes paid on their French homes and properties are calculated. For the record, French Property taxes are divided in two folds : the “Taxe Foncière” is paid by the owner or the landlord if any, and the “Taxe...Read More

The law on the economic initiative of 1 August 2003 (Law No. 2003-721) led to the creation of Articles 787 B and 787 C in the CGI (General Tax Code). These new articles are intended to simplify and lower the cost of the transfer of a family business. This scheme called the “Dutreil Pact”, with...Read More

From stamp duties to other fees, buying in the City of Lights has many costs Every week, Mansion Global poses a tax question to real estate tax attorneys. Here is this week’s question. Q. I’m thinking of living my dream of moving to Paris. What are property taxes like there? A. Paris may be a...Read More

Following the British referendum on 23 June 2016, when the United Kingdom voted to leave the European Union, exit from the EU is planned for 30 March 2019. Brexit negotiations between the European Union and the United Kingdom are currently underway. These negotiations include establishing a transitional period so that the United Kingdom can continue...Read More

The property tax regime implemented as of 1 January 2018, by the Finance Act for the year 2018, had already been the subject of additional clarifications by administrative doctrine (BOFIP) on June 8 2018. However, the legislator has taken note of some legal uncertainty regarding the legal regime of the IFI. The legislator has decided...Read More

We take the hypothesis of a property that was built more than 5 years ago. I The various taxes related to the acquisition of the property : When acquiring the property, it’s necessary to pay transfer fees: The amount of the fees (notary fees and stamp duties) is divided into several fees collected by the State and...Read More

Deduction of the ISF liability modified by the implementation of the IFI. French tax residents within the meaning of article 4 B of the CGI (General Tax Code), whose taxable assets in respect of the solidarity tax on wealth, were greater than 1.3 million euros, were liable to pay tax to the ISF. As their...Read More

Convictions of dishonest proprietors are multiplying in the capital. And the fines are big. According to figures from the city of Paris, a little over 1.48 million euros in fines were handed down to individuals brought to justice by Paris City Hall between 1 January and 5 November 2018. The amount of these convictions already...Read More