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28 May 2012

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Grand Paris tax would deter investors, RE groups say

A proposed capital gains tax on property whose status changes due to the Grand Paris project would deter international investors from the Paris market if passed into law, French real estate associations say. It would make some non-prime locations into high tax areas and artificially boost prices in others. The French Senate is proposing a 15% capital gains tax on property whose value increases due to a new Greater Paris transport network. (See upcoming PIE editions for full story)

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