In the context of the current COVID19 economic crisis, the improvement of the cash position of the operating companies becomes a critical need. The 2021 draft French finance bill includes
The 2021 draft French finance bill: reinstatement of a tax incentive for sale & lease back transactions to improve the cash position of operating companies
Tax implications of a rent waiver in the context of the current sanitary crisis
In the context of the current sanitary crisis, the second Amending Finance Act for 2020 has introduced a series of measures into French tax law, one of which allows landlords
Property tax: new filing requirement for translucent real estate companies
In order to determine the property tax basis (“Taxe Foncière”), industrial real estate held by companies that are not subject to CIT under the standard regime (e.g. tax transparent SCIs)
Urbanism taxation: the tax basis of the Local Equipment Tax (Taxe locale d’équipement) and net increase in floor area
In a decision dated 10 May 2017, the French Supreme Court ruled that in case of construction operations, reconstruction or building expansion, the Local Equipment Tax (TLE now replaced with
Progressive decrease in French CIT rate and consequences on taxation of non-residents’ real estate capital gains
French real estate capital gains realised by non-residents are subject to a withholding tax of 33.1/3% subsequently creditable against French CIT. With the new Finance Act for 2017, however, the
Entry into force of a new valuation method to determine the tax basis of property tax and contribution on business properties
A new method for assessing the rental value of real estate assets as tax basis for property tax and contribution on business property has entered into force as from 1
Jurisprudential recognition of the tax discount market practice
In a decision of 15 November 2016 (n°16VE00721), the Administrative Court of Versailles recognised that a company electing for the SIIC regime (French “REIT” regime applicable to listed property investment
Extension of the favourable regime applicable to capital gains on the disposal of professional premises to be turned into housings
In the framework of the fight against the housing crisis, article 210 F of the French tax code provided for a favourable tax regime under which the net capital gain
Beneficial owners to be treated as shareholders for the purpose of the French 3% tax on real estate
In a recent case law from the commercial chamber of the French Supreme Court (n°15-14528, SCI Katzoo) relating to a Luxembourg company with legal shareholders distinct from its beneficial owners,
Supreme Court restricts the application of the Quemener case law to achieve tax free step-up of real estate assets
The French Supreme Court (CE 6 juillet 2016 n°377904, 8e et 3e s.-s, min c/ SARL Lupa immobilière France) has just issued a decision which, although ruled in a quite