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Sale of French SARL

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My clients own a French rental property through a SARL, which, I understand, is regarded as an opaque entity in the UK. I can find very little information about the UK tax situation on either the sale of the SARL or of the property. Is the sale of the SARL treated as a share sale, subject to CGT ? And if the property is sold & the proceeds distributed is this an income distribution or can it be treated as a capital distribution on a winding up.

They will take specialist tax advice in France.

Your comments will be greatly appreciated, thanks.

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By Paul Crowley
16th Oct 2020 18:31

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By Anonymous.
17th Oct 2020 17:17

Quote:

My clients own a French rental property through a SARL, which, I understand, is regarded as an opaque entity in the UK. I can find very little information about the UK tax situation on either the sale of the SARL or of the property. Is the sale of the SARL treated as a share sale, subject to CGT ? And if the property is sold & the proceeds distributed is this an income distribution or can it be treated as a capital distribution on a winding up.

They will take specialist tax advice in France.

Your comments will be greatly appreciated, thanks.

They also need to take specialist advice in the UK.

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