France Administrative Court of Appeal of Marseille Clarifies VAT Exemptions on Real Property Sales

The French Administrative Court of Appeal of Marseille Nov. 24 issued Decision No. 24MA01429, clarifying VAT exemptions on real property sales. The taxpayer, a real estate dealer, sought the discharge of VAT assessed on its sale of buildings on a brownfield site. The tax authorities classified the buildings as building land subject to VAT on the margin, finding them unfit for use. The taxpayer argued that the sale was exempt. The Administrative Court of Nice discharged the VAT assessment. On appeal, the Court of Appeal of Marseille found that: 1) an exemption applies to deliveries of buildings completed over five ...