French wealth tax for non residents to be applicable for assets above 2,7 Millions Euros

French wealth tax for non residents to be applicable for assets above 2,7 millions euros.

Do you hold assets in France for a value above 2,7 millions euros ? If so, you would be well advised to read on :

Download the PDF DOCUMENT : WEALTH TAX DECLARATION 2725 FOR ASSETS ABOVE 2,7 MILLIONS EUROS

Download the PDF DOCUMENT : WEALTH TAX GUIDE FOR ASSETS ABOVE 2,7 MILLIONS EUROS

It is reminded that wealth tax declarations must be sent to the tax centre for non residents in NOISY LE GRAND each year and before July 15th cialis kaufen deutschland.

HALF A BILLION EUROS IN REFUND : THE FRENCH SOCIAL SAGA UNFOLDS

French social charges taxed 15,5% on property incomes paid by non residents  : The saga unfolds cialis rezeptfrei holland.

The most recent update to the landmark ruling in the MR de Ruyter case concerning french social charges paid by non-residents occurred on 27/07/2015, where the Conseil d’Etat confirmed a European Court of Justice (ECJ) decision made in February this year regarding French social charges.

Have you paid social charges on the revenue from your French property ? Do you contribute to the social security of another EU Member State?

If so, you would be well advised to read on :

Download the PDF DOCUMENT : HALF A BILLION EUROS IN REFUND THE FRENCH SOCIAL CHARGES SAGA UNFOLDS

It is reminded that formal claims must be filed in within a period of two years maximum after the income tax on capital gains or rents is paid.

FRANCO – LUXEMBOURG TAX TREATY TO BE MODIFIED IN 2016 FOR CAPITAL GAINS ON PROPERTY LOCATED IN FRANCE

Franco – Luxembourg tax treaty will be modified in 2016 for capital gains on properties located in France.

On January 1st 2016, capital gains on transfer of properties located in France and owned by Luxembourg companies like a SOPARFI via a french company like an SCI (Société Civile Immobilière), will be taxed in France, and not anymore in Luxembourg.

See the PDF DOCUMENT : <a href="http://www.attorney-counsel.com/wp-content/uploads/2015/02/AVENANT-DU-5-SEPTEMBRE-2014 frankreich cialis.pdf”>AVENANT DU 5 SEPTEMBRE 2014

This will have a deep impact on real estate strategies of Luxembourg companies, as capital gains in Luxembourg were often excluded from any tax, and it will be taxed in France at the rate 33,1/3 % as from next January 1st 2016.

FRENCH SOCIAL CHARGES TAXED 15,5 % ON PROPERTY INCOMES PAID BY NON RESIDENTS TO BE RULED CONTRARY TO EU LAW

French social charges taxed 15,5% on property incomes paid by non residents to be ruled contrary to EU law.

The ECJ’s General Advocate Sharpston says in pending case C-623-13 that the french social charges taxed 15,5% on property incomes paid by non residents are contrary to EU Regulation n°1408/71.

This would apply to property incomes such as rents and capital gains cialis in england bestellen.

Download the PDF DOCUMENT : OPINION OF GENERAL ADVOCATE SHARPSTON

The future ruling of the ECJ, if it was to be following Ms Sharpston’s opinion, could cost the French State to repay about 344 millions euros only for the year 2012…

It is reminded that formal claims must be filed in within a period of two years maximum after the income tax on capital gains or rents is paid.

 

NEW 2014 FRANCO CHINESE TAX TREATY IMPLEMENTED

New Franco Chinese 2014 tax treaty is now implemented.

This new Franco Chinese tax treaty updates the former tax treaty dated May 30th, 1984, and various articles concerns real estate taw law.

Download the PDF DOCUMENT : DECRET DU 31 DECEMBRE 2014

For instance, Chinese sovereign funds as the CIC (CHINA INVESTMENT CORPORATION) will mostly benefits from this new treaty.

FRENCH CAPITAL GAIN : NON RESIDENTS ARE NOW EXEMPTED FROM APPOINTING TAX REPRESENTATIVE

French Capital Gain : Non residents are now exempted from appointing a tax representative.

An act of parliament dated December 18th, 2014 (article 62,3°, page 84) now exempts non residents from the obligation to appoint a french tax representative for the calculation and payment of the french tax on capital gain.

Download the PDF DOCUMENT : <a href="http://www.attorney-counsel.com/wp-content/uploads/2015/01/LOI-DU-18-DECEMBRE-2014 online rezept cialis.pdf”>LOI DU 18 DECEMBRE 2014

Non residents will see a substantive cut in real estate sales costs as the tariffs applied by french tax representatives compulsory appointed for french capital gain calculation and payment could vary from 0,5% to 1% of the selling price.

 

CAPITAL GAIN RATE 33% NOT APPLICABLE TO SWISS RESIDENTS

The capital gain rate 33,1/3 % is not applicable to Swiss residents, French Highest Court says.

The Conseil d’Etat ruled on November 20th, 2013 that the article 15-4° of the Swiss-French Tax Treaty denies the French Tax Collection Center to apply the capital gain rate 33,1/3 % to the swiss residents apotheke cialis.

The capital gain rate applicable to swiss residents is therefrom the same than for french residents, ie 19% :

Download the PDF DOCUMENT : ARRET DU 20 NOVEMBRE 2013

Swiss residents having paid the capital gain rate 33,1/3% are entitled to reclaim the overpayment until December 31st following the payment’s second year.

FRENCH LEGAL INTEREST FOR 2015

French legal interest for 2015 :

The french legal interest applicable for 2015 has been set at the following amounts by the French Government :

– 4,06 % for claims between individuals
– 0,93 % for claims between professionals

Download the PDF document : <a href="http://www.attorney-counsel.com/wp-content/uploads/2015/01/ARRETE-DU-23-DECEMBRE-2014 cialis online rezept.pdf”>ARRETE DU 23 DECEMBRE 2014

 

Connecting legal cultures

20The Practice specializes mostly in the legal aspects of french property law and related transactions, and also intervenes in the field of accident law and personal injury cases. As a fully qualified french Attorney at Law / Solicitor, the emphasis is on providing a personal, professional and efficient service to the client cialis dosierung.

The legal services provided as an Attorney at Law fully licensed to practice over the French Riviera, in Nice, Cannes, Antibes … :

– Counsel and representation over all aspects of your french property purchase, use, and sale.

– Setting up french property owning companies, the SCIs (“Société Civile Immobilière”).

– Providing solutions and advising on french inheritance and french tax liability.

– Drafting french wills and dealing with french probate.

We can offer our assistance in, among other, the following fields :

– The formation, acquisition and disposal of all civil and commercial rights to use, enjoy and dispose of immovable goods.

– Analysis, consultations, negotiations, drafting deeds, contracts, terms of sale, condominium ownerships, easements, leasing, residential and commercial leases, long-term leases contracts and so on.

– Dispute settlement by out-of-court agreement, arbitrations or court proceedings for public liability : nuisance, landlord-tenant disputes, structural defects, latent defects and so on.

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