In the context of an assignment of immovable property belonging to a non-resident, the General Tax Code has subjected it to capital gains tax. The latter is accompanied by two formalities to which the transferor can not escape under penalty of penalties.
First, the legislator forced the non-resident to declare his surplus value. This obligation to
report
remains whether or not there is a taxable
capital gain. If the transferor is a natural person and is exempt because of a holding period or a sale price of less than € 15,000, the declaration is not required.
The requirement of a tax representative was also one of the innovations brought by the legislator. Any non-resident taxpayer outside the European Union carrying out a real estate transfer transaction must fulfill its tax obligations by using the services of a bank established in France, a person authorized by the tax authority The tax administration or the purchaser if he is resident in France for tax purposes. Only if the sale price is less than € 150,000 or if the property has been held for more than 30 years.
To avoid unpleasant surprises, it is advisable, within the framework of the procedure of declaration of the capital gains real estate, to contact an accredited representative.
TEVEA International
is the recommended company for this type of operation.