III: Transfer of ownership of movable property for valuable consideration

Without prejudice to the provisions of article 1655 ter, transfers of shares or units conferring on their owners the right to the enjoyment of immovable property or fractions of immovable property are deemed to have as their object the said immovable property or fractions of immovable property for the collection of registration duties (1).

Agreements which relate to shares or stocks and which are considered for registration duty purposes as transferring real estate ownership for valuable consideration under articles 727,728 and 1655 ter are subject to these duties in accordance with the rates applicable to transfers for valuable consideration of immovable property or immovable property rights which give rise to the payment of land registration tax.

Transfers of company rights referred to in I of article 257 which give rise to the payment of value added tax give rise to the collection of a registration fee of €125.

Transfers by mutual agreement of shares in joint farming groups and limited liability agricultural holdings mentioned in 5° of Article 8 are registered at the fixed duty of 125 €. Disposals by mutual agreement of shares in non-trading companies with a predominantly agricultural purpose, which have been in existence for at least three years prior to the disposal, are registered at a fixed duty of €125.

Transfers of shares in agricultural landholding groups, rural landholding groups and forestry groups representing contributions of undivided assets are subject to 2.50% registration duty when they occur between the contributors of the said assets, their surviving spouses or their beneficiaries free of charge, provided that these contributors were related or allied up to and including the fourth degree (1). (1) For the application of these provisions in the French overseas…

Transfers of units in venture capital mutual funds, specialised professional funds covered by article L. 214-37 of the Monetary and Financial Code as it stood prior to ordonnance no. 2013-676 of 25 July 2013 amending the legal framework for asset management, professional private equity funds and free partnership companies do not entail the payment of any registration duty.

Transfers of units or shares in real estate collective investment undertakings and professional real estate collective investment undertakings are exempt from registration duty except: a) Where the acquirer holds or will hold following his acquisition more than 10% of the units or shares of the real estate collective investment undertaking or professional real estate collective investment undertaking directly or through his spouse or their ascendants or descendants or their brothers…