Categories: Taxation

2019 FINANCE LAW FOR EXPATRIATES

&amp;NewLine;<div class&equals;"wp-block-cover has-background-dim aligncenter is-layout-flow wp-block-cover-is-layout-flow" style&equals;"background-image&colon;url&lpar;https&colon;&sol;&sol;vivreauportugalconsulting&period;com&sol;wp-content&sol;uploads&sol;2018&sol;02&sol;français-de-l’étranger&period;jpg&rpar;"><p class&equals;"wp-block-cover-text">Towards simplified taxation for French nationals living abroad<&sol;p><&sol;div>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<h2 class&equals;"wp-block-heading">2019 Finance Law for expatriates<&sol;h2>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>The French Finance Act for 2019 introduces a number of positive changes for French expatriates&amp;comma; namely &amp;colon;<br><a rel&equals;"noreferrer noopener" aria-label&equals;"pour rappel&comma; cette loi de finances pour 2019 apporte nombreux aménagements positifs quant aux expatriés français&comma; à savoir &colon;&newline;plus-value immobilière&comma; nouvelle exonération la résidence principale les nrles contribuables quittant france auraient 1 an bénéficier l’exonération au titre cession &lpar;au plus tard 31 décembre l’année suivant le transfert et bien ne doit pas avoir été mis disposition&comma; gratuit ou onéreux&comma; durant ce délai&rpar; &lpar;opens in a new tab&rpar;" href&equals;"https&colon;&sol;&sol;vivreauportugalconsulting&period;com&sol;la-fiscalite-des-non-resident-evolue&sol;" target&equals;"&lowbar;blank">Real estate capital gains&amp;comma;<&sol;a> new main residence exemption for NRLsTaxpayers leaving France&amp;period; will have 1 year to benefit from the exemption on the sale of their main residence&amp;later than December 31 of the year following the transfer, and the property must not have been made available&amp;period; free of charge or for a consideration&amp;comma; during this period&amp;rpar;<&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>Removal of <a href&equals;"https&colon;&sol;&sol;vivreauportugalconsulting&period;com&sol;">social security contributions for non-residents<&sol;a> established within the EU ...Until now, non-French tax residents had to pay PS in France on their real estate income&amp;period; The LF2019 plans to exempt them from these levies on condition that they are affiliated to a social security scheme in an EU country&amp;period;<br>Pinel &amp;colon; the scheme extended to Non-ResidentsThe scheme is closed to French tax residents only&amp;period; The LF2019 wishes to open up the benefit of this <strong>Pinel regime<&sol;strong> also&amp;period;<br>150,000 allowance on capital gains arising from the sale of real estate by a non-resident This allowance should apply to the capital gains arising from the sale of real estate by a non-resident. <a rel&equals;"noreferrer noopener" aria-label&equals;"suppression des prélèvements sociaux pour les non résidents établis au sein de l’ue …jusqu’à aujourd’hui&comma; résidents fiscaux français devaient s’acquitter des ps en france sur leurs revenus immobiliers&period; la lf2019 prévoit exonérer ces prélèvements à condition qu’ils soient affiliés un régime sécurité sociale dans pays l’ue&newline;pinel &colon; le dispositif étendu aux résidentsle est fermé seuls français&period; souhaite ouvrir bénéfice ce régime pinel aux l’étranger également&comma;&newline;abattement 150&period;000 € plus-value tirée cession d’un bien immobilier par résidentcet abattement devrait s’appliquer la plus-value immobilière pendant 10 ans suivant départ&comma; qu’elle soit louée ou non&period; &lpar;opens in a new tab&rpar;" href&equals;"https&colon;&sol;&sol;vivreauportugalconsulting&period;com&sol;guide-immobilier-portugal&sol;" target&equals;"&lowbar;blank">capital gain on real estate sale<&sol;a> during the 10 years following departure&amp;comma; whether rented or not&amp;period;<&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>Abolition of the 20&amp;percnt; minimum withholding tax&amp;period; This system would be replaced by the withholding tax&amp;comma; according to the same rules as for residents&amp;period;<br>Extension of the 30&amp;percnt; deduction for those benefiting from the impatriation law for intra-group&amp;period returns;<&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p><br>We'll have to wait for final validation &amp;lpar;at the end of December&amp;rpar; before rejoicing &amp;excl;<&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>&amp;lbrack;arm&amp;lowbar;setup id&amp;equals; "6&amp;Prime&amp;semi;&amp;rsqb;<&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p><br><&sol;p>&amp;NewLine;

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