French General Tax Code
In forceI. - The income tax relating to the capital gain realised on the assets mentioned in articles 150 U to 150 UC is paid when the declaration provided for in article 150 VG.
If applicable, the rules of payability and recovery provided for in Title IV of the Book of Tax Procedures shall be applied for taxes recovered by the competent public accountants.
II. - The income tax relating to the capital gain is paid before the registration or merged formality is carried out.In the absence of prior payment, the filing or formality is refused except for the disposals mentioned in II of article 150 VG. Filing or formality is also refused if there is a discrepancy between the amount of income tax relating to the capital gain appearing on the declaration provided for in article 150 VG and the amount actually paid at the time of the requisition or presentation for registration.
Unless otherwise provided for, the rules of liability and collection provided for in articles 1701 to 1704, to 1°, 2°, 3° and 4° of Article 1705 and to Articles 1706 et 1711.
III. - By way of derogation from II, the income tax relating to the capital gain is paid:
1° For disposals referred to in 1° of II of article 150 VG, to the benefit of the tax department, by the assigning public accountant, on the price due to the seller, on the basis of the declaration referred to in 1° of II of article 150 VG sent by the public authority;
2° For disposals referred to in 3° of II of article 150 VG, by the seller or, in the case of disposals to a local authority referred to in 1° of II of article 150 VG, by the notary, at the tax department where the declaration was filed ;
3° For disposals referred to in 4° of II of article 150 VG, by the custodian of the real estate investment fund, to the corporate tax department of the place of its registered office;
4° For disposals referred to in 5° of II of article 150 VG, by the paying institution, to the corporate tax department of the place of its registered office.
