Additional tax on certain registration duties

1. Is levied, for the benefit of municipalities with more than 5,000 inhabitants, as well as those with a smaller population classified as tourist resorts within the meaning of the sub-section 2 of section 2 of chapter III of title III of book I of the tourism code, an additional tax on registration duties or land registration tax payable on transfers for valuable consideration:

1° of immovable property and immovable property rights located within their territory. The additional tax is not levied when the transfer is subject to the proportional duty of 0.70%;

2° (Not applicable)

3° of ministerial offices having their registered office in the municipality;

4° of businesses or clientele established on their territory and new goods dependent on these businesses;

5° leasehold rights or the benefit of a promise to lease relating to all or part of a building, regardless of the form given by the parties, whether it is described as a transfer of key money, severance pay or otherwise.

This tax, the collection of which is entrusted to the tax department, is set at 1.20%. The rate is set at 0.40% for transfers for valuable consideration referred to in 2°. For transfers referred to in 3°, 4° and 5° above evidenced by a deed executed or an agreement entered into on or after 10 May 1993, the rates of the tax are set at:

The tax is subject to the rules governing the chargeability, refund and recovery of the duties or tax to which it is added.

2. The additional tax provided for in 1 does not apply to the public sales of movable property listed below:

1° sales of implements and other movable objects dependent on an agricultural holding;

2° (Repealed);

3° sales of pledged objects provided for by the second paragraph of Article 2346 of the Civil Code;

4° sales carried out under Article L. 342-11 of the Rural and Maritime Fishing Code;

5° sales made under the chapter III of Title II of Book V of the French Commercial Code in the event of non-payment of the warrant;

6° sales of goods damaged as a result of events at sea and debris from wrecked ships ;

7° sales of motor vehicles, agricultural tractors, motor cycles and towed or semi-mounted trailers subject to declaration of registration and registration;

8° (Repealed);

9° sales of aircraft as well as ships or boats used either for maritime navigation or inland navigation, other than yachts or pleasure boats;

10° (Repealed).