The 3% tax applies to any entity, French or foreign, with or without legal personality (such as limited companies, partnerships, economic interest groupings, syndicates, groups, pool joint ventures, trusts and comparable institutions, etc.) owning real estate properties or rights in rem in France on 1 January of the tax year, either directly or through an intermediary (Articles 990 D to 990 G of the French Tax Code (FTC)).
Source Ecovis
