French General Tax Code
In forceI. - The business property tax is due each year by natural or legal persons, unincorporated companies or trustees for their activity carried out under a trust agreement who habitually carry out a self-employed professional activity.
For the purposes of calculating the business property tax, the activities of letting or subletting buildings, other than the activities of letting or subletting bare buildings for residential use, are deemed to be carried out on a professional basis; however, the business property tax is not due when the activity of letting or subletting bare buildings is carried out by persons who, during the reference period defined in article 1467 A, derive gross revenue excluding tax, within the meaning of article 29, of less than €100,000 or turnover, within the meaning of 1 of I of article 1586 sexies, of less than €100,000.
Where the reference period does not correspond to a twelve-month period, the amount of revenue or turnover is reduced or increased, as appropriate, to twelve months.
II. - The business property tax is not payable by the organisations mentioned in the first paragraph of 1 bis of Article 206 which meet the three conditions set by that same paragraph.
III. - The persons and companies mentioned in I are not subject to the business property tax (cotisation foncière des entreprises) in respect of their activities which are not subject to either corporation tax or income tax due to the territoriality rules specific to these taxes.
