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

Benjamin A. Kergueno, LL.M > Post on french capital gain taxation > 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 : 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.

 

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