In principle, a property trader cannot deduct the VAT on the acquisition of a building completed more than 5 years before the resale of the building, subject to VAT on the option exercised by the property trader.
This solution results from case law of the Council of State initiated by the “Lips” decision ( CE November 27, 2020, 9th and 10th ch. combined, n° 426091, “Mentioned at the tables of the Lebon collection”, SNC Lips ) (see our previous comment )
Source Taximmo
Latest Posts in "France"
- France E-Invoicing: No Official Delay — But a Grace Period Until January 2027 (or Longer) Is Taking Shape
- Pincvision Webinar: France E-Invoicing & E-Reporting (June 4)
- DGFiP launches “Know my obligations in 4 clicks” tool for e‑invoicing and e‑reporting readiness
- “Summer Sessions” with a virtual “Power Hour” focused on the French e-invoicing mandate (June 17)
- Reduce French EPR Fees with AGEC Eco-Modulation
