The French Amended Finance Act for 2013 and the Finance Act for
2014, both dated 29 December 2013, have been adopted and entered
into force on 31 December 2013. Some of their provisions bring
again new changes on real estate taxation.
Real estate listed companies (French SIIC)
Some adjustments are made to the tax regime applicable to listed
real estate investment companies (French SIIC).
The thresholds for mandatory distribution are increased from 85
per cent to 95 per cent for rental income and from 50 per cent to
60 per cent for property sale income. This increase applies for
financial years ending on or after 31 December 2013.
In counterpart, and precisely because of this mandatory
requirement, the exemption from the additional contribution of
three per cent to the corporate income tax for income distributed
under the SIIC mandatory distribution is legalised. This exemption
applies for payments made after 1 January 2014.
