The French tax authorities have recently confirmed ("Reponse ministerielle Albertini", December 5, 1995) that precious metal ingots and gold coins acquired by a company belongs to the fixed assets of the company, provided the trade or the transformation of such goods is not the specific business of the company. This rule is a very favourable one since assets such as precious metal ingots and gold coins consequently still benefit from the long term capital gains regime, the scope of which tends to shrink year after year.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought for your specific circumstances.
For additional information contact Claire Acard on +33 (1) 55 61 10 10 or enter text search: "ARCHIBALD ANDERSEN Profile". The members of ARCHIBALD ANDERSEN Association d'Avocats (S.G. Archibald and Arthur Andersen International) are registered with the Hauts-de-Seine Bar.
See More Popular Content From