French resident: rent from an apartment in Georgia almost free of French tax, a sale is taxed in France
The treaty between France and Georgia was signed on March 7, 2007, has been in force since June 1, 2010 and also covers CSG and CRDS. Rental income is taxed in Georgia; France grants a credit equal to the French tax (the income counts only for the rate). France taxes the gain on a sale itself (19% plus contributions, with holding period allowances) and credits the Georgian tax; if a sale in Georgia after 2 years is tax free, the credit is zero. Interest is taxed only in France; dividends at source at 0, 5 or 10%.
What this changes in the calculation
For a French resident the Georgian 5% on rent is final; when selling an apartment in Georgia, add the French 19% plus 17.2% (or 18.6%) on the gain, less holding period allowances.
- Source
- impots.gouv.fr
- Status
- verified
- Published