Which companies are liable for the 3% tax on the market value of property ?

Under the provisions of Article 990 D of the French General Tax Code, legal entities – including corporate bodies, organisations, trusts and comparable institutions that, either directly or via an intermediary, own one or more properties in France, or that hold real property rights concerning these properties – are liable for an annual tax equal to 3% of the market value of these properties or rights.

Updated DINR PRO