France Administrative Supreme Court Clarifies Industrial Classification of Premises, Valuation Rules for Property Tax

The French Administrative Supreme Court April 10 issued Decision No. 500530, clarifying the industrial classification of premises and valuation rules for property tax. The taxpayer, a real estate leasing company, sought a property tax discharge or reduction after the tax authorities reclassified premises leased to an operating company as industrial. The tax authorities rejected the administrative claim, and the Administrative Court of Bastia rejected the subsequent judicial challenge. On appeal, the Administrative Supreme Court denied the request for a tax discharge or reduction, finding that: 1) premises qualified as industrial when activities carried out relied predominantly on significant technical installations ...