France: Temporary reduction on taxation capital gains on immovable property

Posted on Updated on

The government of France issued guidelines BOI-RFPI-PVI-20-20-20130809 on 9th August 2013, providing new reductions on capital gains for the purpose of individual income taxation and social contributions. The reduced tax rate is 25%. Moreover, the government also introduced a temporary tax reduction regime for capital gains on immovable property.
According to the temporary regime there will be reduced tax rate from 1 September 2013 to 31 August 2014 for capital gains on the disposal of immovable property or immovable property rights.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s