Sample Communityservice Letter

Reform real estate for expats

We wish to draw your attention to some changes in international tax asset by the last supplementary budget for 2010 (Act No. 2010-1658 of 29 December 2010) and the Finance Act 2011 (Act No. 2010 - 1657 of December 29, 2010)

Indeed, the rates applicable from 1 January 2011 to real estate gains of non-residents increased:

• Individuals who are residents of the European Union, Norway and Iceland are now taxed at 19% (instead of 16%), while Other non-resident individuals are taxed at a rate of 33.1 / 3%;


• Individuals or legal resident of the states and territories uncooperative (NCST) remain subject to a levy of 50% (Belize, Costa Rica, Grenada , Philippines, etc..) precision made here that the list remains unchanged ETNC 1 January 2011.

In addition, the tax exemption on real estate gains enjoyed by non-EU nationals resident on the sale of their properties located in France will no longer apply to the first two assignments, but only to the first. This measure applies to disposals made on or after 1 January 2011.

Good day