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Nicolas Duboille and Hugo Levit of Sumerson examine the taxation of real estate capital gains in France by non-residents and consider a case when the seller is a Delaware corporation.
Nicolas Duboille and Hugo Levit of Sumerson examine the taxation of real estate capital gains in France by non-residents and consider a case when the seller is a Delaware corporation.
January 25 2021 When enacted in 1978, Article 244 bis B of the French Tax Code (FTC) provided for thetaxation of capital gains recognised upon the disposal by non-French natural persons or look-through partnerships of a significant shareholding (more than 25%) in a French entity. This tax mechanism was later modified to include the capital gains realised by non-resident companies subject to a tax that is comparable to French corporate income tax (CIT), by the French Amending Finance Law dated December 30 1993, which came into force on January 2 1994. As an exception t...
To print this article, all you need is to be registered or login on Mondaq.com. The UK officially left the EU and EEA on 1st February 2020 but it took 11 months of negotiations to reach an agreement on the terms and conditions of a new "free trade" area. The UK officially left the EU and EEA on 1 st February 2020 but it took 11 months of negotiations to reach an agreement on the terms and conditions of a new "free trade" area. The agreement signed on 24 December 2020, which was due to be ratified on 31 December 2020 1, avoids the catastrophic scenario of a "no deal" an...