Article 1115 of the French General Tax Code
November 7, 2023
Subject to the provisions of article 1020, acquisitions of real estate, goodwill and shares in real estate companies made by taxable persons within the meaning of article 256 A are exempt from transfer duties and taxes when the purchaser undertakes to resell within five years. In the event of successive acquisitions by persons mentioned in the first paragraph, the time limit given to the first purchaser applies to each of…
