This 3% tax based on the market value is paid by certain French or foreign companies which :
- Have an interest in a company (limited liability company, partnership, NGO or foundation), a trust or a similar institution.
- Are property companies (i.e. the assets of which are more than 50% property assets).
- Are owners (directly or through an intermediary entity) of property located in France; or hold rights over property in France.
This tax is equal to 3% of the market value of property or rights over property. It must be declared each year before 15th May (cerfa form no. 2746).
Reporting dispensations and exemptions do exist, so please do not hesitate to contact us.