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Article 742 of the French General Tax Code

Limited-term leases of real estate made for a term of more than twelve years, with the exception of those mentioned in Article 1048 ter, are subject to land registration tax at a rate of 0.70%. This tax is calculated on the expressed price, increased by the charges imposed on the lessee, or on the actual rental value of the leased property if this value is higher than the price increased…

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