BREXIT AND SALE OF A PROPERTY - TAX REPRESENTATIVE

BREXIT will take place on 31 January 2020. As from the 1st February 2020, the UK will no longer be part of the European Union and will not be a member of the EEA either. As it stands, British residents and all companies having their head office in the United Kingdom selling a property located in France will be required to appoint a tax representative.

BREXIT will take place on 31 January 2020. As from the 1st February 2020, the UK will no longer be part of the European Union and will not be a member of the EEA either. As it stands, British residents and all companies having their head office in the United Kingdom selling a property located in France will be required to appoint a tax representative.


To avoid a Brexit without a deal, the British government and the European Union have negotiated a withdrawal agreement ratified, so far, only by the British Parliament. In the event that this withdrawal agreement is ratified by the European Parliament, any individual affiliated with the UK social security system and not affiliated with the French social security system will be able to continue benefiting from the CSG/CRDS exemption (reduced rate of social levies 7.5%). This provision is applicable within the transitional period, currently scheduled until 31 December 2020.

0 0
Feed

Leave a comment