Change in the calculation of the tax on the sale of land that has become buildable.

Section 38 of law n°2009/323 of 23 February 2009 amends section 1529 of the French Tax Code as from 28  September 2009.

As from that date, the tax is equal to 10% of the difference between the sales price and the purchase price, converted to current value based on the latest consumer price index (excluding tobacco) published by INSEE.

If the purchase price is unknown, the tax is equal to 10% of the sales price reduced by one third.

Legislation applicable to the tax on the sale of reclassified land

- Section 1529 of the French Tax Code (CGI) (version applicable from 28/9/2009)
- Article 1529 of the CGI (version applicable up to 28/09/2009)
- Section 317 B Appendix II of the CGI
- Section 38-I of law 2009-323 of 25 March 2009
- Explanatory note by SARF