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28 May 2012

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French RE firms hit by new tax on interest charges

French real estate firms could face higher tax charges on their 2010 accounts as a result of a change in rules on the tax deductibility of interest payments, which will mean that interest on many bank loans is no longer tax deductible. The provision was introduced into the 2011 finance act by the French Senate but applies from the 2010 financial year.

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