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French to English translations [PRO] Law/Patents - Law: Taxation & Customs / Transfer tax on property
French term or phrase:société fiscalement immobilière
This phrase comes in a tax code relating to property sales.
"Le droit de mutation a titre onereux d'immeubles s'applique egalement aux mutations a titre onereux d'actions ou interets d'une entite fiscalement immobiliere..."
"Cependent, si la societe fiscalement immobliiere est egalement proprietaire d'un fonds de commerce ... la mutation a titre onereux sera soumise pour partie au droit de mutuation a titre onereux d'immeuble..."
"Est consideree comme 'fiscalement immobiliere' .. la personne morale... comptant au nombre de ses actifs un ou plusieurs immeubles..."
I think it means a company or entity that is a real estate property company/entity for tax purposes or under the tax system. Grateful for any help.
It is a company that is a real estate property company for tax purposes. (There is a special class of companies in French law.)
Automatic update in 00:
2 hrs confidence: peer agreement (net): +1
societe fiscalement immobiliere
real estate property company for tax purposes
Explanation: You're right, it is a company that is a real estate property company for tax purposes. (There is a special class of companies in French law.)
Mark Hamlen France Local time: 00:46 Works in field Native speaker of: English PRO pts in category: 4
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