France Administrative Court of Marseille Clarifies Eligibility for Corsica Investment Tax Credit

The French Administrative Court of Appeal of Marseille Feb. 6 issued Decision No. 24MA02338, clarifying eligibility for the Corsica investment tax credit for companies operating furnished tourist accommodations. The taxpayer, a company in Corsica that operated two furnished tourist rental houses for short-term stays, didn’t run premises qualifying as a hotel under the law. The taxpayer sought reimbursement of an investment tax credit, the reclassification of its activity as a hotel or para-hotel, and the application of transitional rules. On appeal, the Administrative Court of Appeal of Marseille found that: 1) the taxpayer didn’t qualify for the hotel renovation tax ...