French social levies on real estate income: opportunity to claim a refund

January 28, 2015

Real estate incomes and gains received by non-French resident individuals are subject to social levies at the global rate of 15.5% (in addition to the applicable income tax), as of 17 August 2012.

In regards to real estate gains, these charges will apply after the computation of an annual allowance which reduces the taxable basis of the gain depending on how long the property has been owned (total exemption after 22 years of ownership for income tax and 30 years of ownership for social levies).

Read: French social levies on real estate income: opportunity to claim a refund