22 SEPTEMBER 2016
The regime governing property dealers and the partial non-observance of the commitment to resell: still not too late to claim a refund or request an adjustment!
Pursuant to article 1115 of the French Tax Code (FTC), the acquisition of properties by a taxable person subject to VAT, made with a commitment to resell within five years, will be subject to registration fees at a rate of 0.715% instead of 5.80% (or 6.40% in the Ile-de-France region).
Should this commitment to resell not be met, the purchaser must pay the difference in fees, plus late-payment interest at a rate of 4.80% per annum (article 1840 G ter of the FTC).> Read more ...
- The regime governing property dealers... 22/09/2016
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- Pierre Appremont joins Kramer Levin 17/06/2016
- VAT and compensation for early cancellation of a lease 14/06/2016
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