Legal news

Since 1 January 2023, if the amount of the property gain taxable for income tax (« impôt sur le revenu ») purposes exceeds 50,000 EUR, the seller must pay a surcharge ranging from 2% to 6% depending on the amount of the property gain.  Below is a fee schedule contained under the French Tax Code (« Code Général […]

Review of the finding of enforceability of a foreign decision The Regulation determines jurisdiction, recognition and enforcement of judgments in civil and commercial matters within the Member States of the European Union (EU). The regulations determine the jurisdiction of the courts in civil and commercial matters. It stipulates that decisions rendered in a Member State […]

The real estate capital gain realized on the occasion of a real estate sale is taxable on income (IR) and social security contributions. However, many exemptions exist. How is a real estate capital gain calculated? The capital gain is taxable when it comes from a transfer for consideration: sale of real estate or the rights […]

To open a bank account in the United Kingdom, certain documents must be provided to the bank concerned, while others may be requested. Documents to be provided: A valid identity document: identity card, passport, driving license… ; Proof of address: EDF bill, telephone bill, rental contract, etc.; and Proof of income: pay slips, bank statements, […]

The new measures apply to sales of real estate excluding building land for which the calculation in force continues to apply. Currently, you must have owned land for at least 30 years to be fully exempt from capital gains tax. This will still be the case for sales until December 31, 2013. According to the […]

The territoriality of income tax Persons whose tax domicile is located in France are liable to French income tax due to all of their income from all sources. It is therefore an “unlimited” tax obligation, whatever his nationality, the taxpayer must, in principle, be subject to tax in France on all his income from French […]