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Article 722 bis of the French General Tax Code

The 2% rate of transfer duty provided for in Article 719 is reduced to 0% for acquisitions of businesses and clienteles made in the zones franches urbaines-territoires entrepreneurs defined in B of 3 of article 42 of Law no. 95-115 of 4 February 1995 on regional planning and development, as well as in the rural regeneration zones mentioned in article 1465 A. To benefit from the reduced rate, the purchaser…

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Article 723 of the French General Tax Code

Sales of new goods correlative to the transfer or contribution to a company of a business are exempt from any proportional registration duty when they give rise to the collection of value added tax or are exempt from it pursuant to article 257 bis. If this is not the case, the new goods that furnish the business are only subject to a duty of 1.50%, provided that a specific price…

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