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Tax implications for individuals relocating to France
If you are considering relocating to France, it is essential to understand the tax implications that come with becoming a fiscal resident in the country. France has a comprehensive tax system, which includes obligations related to income tax, social contributions, and wealth tax on real estate.... More detailsnavigate_next
3% annual tax on French real estate hel by legal entities : a little-known tax not to be overlooked
The 3% annual tax related to companies and other legal entities owning real estate in France is an under-recognized tax that is increasingly drawing the attention of the French tax authorities. Its potential financial consequences can be very substantial. However, most often, exemptions can be... More detailsnavigate_next
What happens during a tax audit in France? Part 3: tax litigation in France as seen by a French tax lawyer.
If, after analysis by a French tax lawyer, it appears that the tax reminders and/or penalties levied may be contested, the taxpayer has a right of appeal.Litigation in tax matters may consist of providing supporting documents or explanations that were not provided to the tax authorities during... More detailsnavigate_next
What happens during a tax audit in France? Part 2: the recovery of adjusted taxes as seen by a French tax lawyer.
At the end of the tax audit phase, after presenting its observations to the auditing department and, where applicable, exercising hierarchical appeals and examining the case by the relevant tax commission, the administration will decide whether to maintain all or part of the adjustments initially... More detailsnavigate_next
What happens during a tax audit in France? Part 1: the audit itself, as seen by a French tax lawyer
A business or personal tax audit is a very important event, likely to have many repercussions in the life of a business, an individual or a family. Its duration and consequences may be brief or, on the contrary, spread over several years.Except in the case of advanced litigation, it is possible... More detailsnavigate_next
Capital gains and property income: UK residents can also benefit from CSG and CRDS exemption
The French tax authorities have clarified that the exemption from social contributions known as CSG (9.2%) and CRDS (0.5%) on income from property received from 1 January 2021 can also apply to UK residents.People, whether or not they are resident in France for tax purposes, who are covered by a... More detailsnavigate_next
FOR SALE - APARTMENT OF 79 SQM - CARRE DES ANTIQUAIRES - 75007 PARIS - SAINT-GERMAIN-DES-PRES
Spacious one-bedroom apartment of 80.83 sqm (78.83 sqm Carrez law) within a very beautiful condominium located in the heart of the Carré des Antiquaires, in the prestigious 7th arrondissement of Paris – Saint-Germain-des-Prés.Click on this link for more details. Very quiet apartment, overlooking ... More detailsnavigate_next
How to determine your tax residence?
Importance of the concept of tax residence The determination of tax residence (or even tax domicile) is a key point which largely determines the tax obligations of an individual vis-à-vis a State, whether with regards to income tax, the taxation of capital gains or even gift or inheritance ... More detailsnavigate_next
Sale of real estate abroad by a tax resident of France: is any tax due in France?
Do individuals domiciled in France for tax purposes have tax obligations in France when they sell property located abroad, and is capital gain tax due in France?This question is often ignored, considering that French taxation is inapplicable to the sale of foreign real estate, but this is... More detailsnavigate_next
Trusts - filing and tax obligations
Trusts, even if unknown by French civil law, is not ignored by French tax rules.The French tax specialist law firm CM-Tax and its team of English speaking French tax advisors, based in Lyon and Marseille but operating throughout France, advises and assists on all subjects relating to French tax... More detailsnavigate_next
Tax litigation
The French tax specialist law firm CM-Tax and its team of English speaking French tax advisors, based in Lyon and Marseille but operating throughout France, advises and assists on all subjects relating to tax litigation in France: claim following a proposal of adjustment or in order to obtain... More detailsnavigate_next
2023 French income tax return and 2024 real estate wealth tax
Filing of the 2023 French income tax declarations and 2024 French real estate wealth tax.The French tax specialist law firm CM-Tax and its team of English speaking French tax advisors, based in Lyon and Marseille but operating throughout France, assists French residents and non-residents so that... More detailsnavigate_next
Errors on income tax notices for US citizens residing in France
The tax law firm CM-Tax notes that its clients who are American citizens and French residents frequently receive tax notices containing certain errors.Under the terms of the tax treaty concluded between France and the United States, American citizens residing in France benefit from a specific tax... More detailsnavigate_next
International successions: what are your obligations in France?
The settlement of inheritances with a foreign character is not easy and the related tax obligations are not well known.The question of the territoriality of inheritance tax is dealth with by article 750 ter of the French tax code.Thus, two hypotheses should be distinguished: the deceased was... More detailsnavigate_next
Regularization of bank accounts held abroad
The French tax specialist law firm CM-Tax and its team of English speaking French tax advisors, based in Lyon and Marseille but operating throughout France, can assist you with the procedures related to the tax regularisation and declaration of your financial assets held abroad and related... More detailsnavigate_next
Agent in real estate transactions
CM-Tax law firm, with offices in Lyon and Marseille but operatiing throughout France, offers, in addition to its activities in tax law and property law, to manage the sale of your property, as a property transaction agent.Our mission:- To value your property;- To assemble the legal dossier:... More detailsnavigate_next
PROPERTY WEALTH TAX (IMPÔT SUR LA FORTUNE IMMOBILIÈRE - IFI)
Since 01 January 2018, Property Wealth Tax (IFI) has replaced the French Wealth Tax (Impôt de Solidarité sur la Fortune - ISF).Tax Basis.The new tax applies to any natural person who, along with his/her spouse (spouse, civil partner, or cohabitating partner) and under-age children, possesses net p... More detailsnavigate_next
CM-TAX SIMPLIFIES PROPERTY INVESTMENT IN FRANCE!
Making property investments in France often entails overcoming several obstacles: the process is long and tedious because of the many stakeholders involved (attorneys, property agents, bankers, notaries, etc.).CM-Tax law firm, based in Lyon and Aix en Provence, assists his clients all over France... More detailsnavigate_next
PROPERLY DECLARING YOUR FOREIGN EARNINGS
Receiving income from abroad, whether resulting from a specific activity or from financial or property investments, as well as holding bank accounts abroad or other types of assets - such as foreign property - entails specific tax obligations in France, which, if ignored, may lead to significant... More detailsnavigate_next
HOW TO DISPUTE A TAX ADJUSTMENT?
First of all, it is possible to challenge a tax adjustment through by means of hierarchical appeals and by requesting, where possible and relevant, that the situation be examined by a committee. If the Administration's position is not satisfactory, CM-Tax law firm - which represents several... More detailsnavigate_next
OPTIMIZING YOUR TAX SITUATION WHEN SELLING A BUSINESS
Optimizing your tax situation when selling a business involves defining a fiscal strategy that takes into account your needs, assets, family, and various professional considerations. Depending on the case, a tax optimization scheme can be set up well in advance, sometimes several years before the... More detailsnavigate_next
INHERITANCE TAX LITIGATION
There are many cases of inheritance tax litigation. These may include a questioning of the declared value of a property or of the benefit of tax advantages which the taxpayer has implemented (such as the Dutreil Agreement), as well as the application of territorial rules depending on the country... More detailsnavigate_next
HOW AM I TAXED WHEN I LEAVE FRANCE ?
Leaving France is likely to result in significant tax consequences. Some income will no longer be taxed in France while other income will still be taxed. France has put in place an exit-tax system which, in principle, consists of taxing certain earnings when leaving France. Analysing the fi... More detailsnavigate_next