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Article 8 quater of the French General Tax Code

Each member of ship co-ownerships governed by articles L. 5114-30 to L. 5114-50 of the Transport Code is personally liable for income tax on the share corresponding to his rights in the profits declared by the co-ownership.

Original in French 🇫🇷
Article 8 quater

Chaque membre des copropriétés de navires régies par les articles L. 5114-30 à L. 5114-50 du code des transports est personnellement soumis à l’impôt sur le revenu à raison de la part correspondant à ses droits dans les résultats déclarés par la copropriété.

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