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Article 718 of the French General Tax Code

When effected by deed in France, transfers for valuable consideration of foreign movable property, whether tangible or intangible, are subject to transfer duties under the same conditions as if they related to French property of the same kind.

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Article 718 bis of the French General Tax Code

When effected by deed executed abroad, transfers of holdings in legal entities with a preponderance of real estate assets as defined in 2° of I of Article 726 are subject to registration duty under the conditions set out in this article, unless a tax credit equal to the amount of registration duty actually paid in the State of registration of each of the legal entities concerned is deducted, in accordance…

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