Property Tax on French Circuits
HOME » Magazine » November 2021 » Bits and Pieces » Property Tax on French Circuits
The FFSA has worked hard to obtain a favourable decision from the Ministry in charge of Public Accounts to classify French motorsport circuits in the category of premises and facilities with exceptional characteristics (EXC 1 category). This decision will allow a significant reduction in the imposition of property tax for many circuits. FFSA President Nicolas Deschaux, said, “This has demonstrated that it was important for the FFSA to respond to the tax issues of important players in our ecosystem, especially in the context of the crisis that we have been experiencing since March 2020. With this decision, we can say that we secure the sustainability of the circuits on the tax side.”
These stories are all from the pages of Historic Motor Racing News. Some have been abbreviated for this web site. If you'd like to receive the full version, please visit our subscription page where you will find postal subscriptions available. A full subscription also entitles you to access the current issue online (available soon), so you can take it with you and read it anywhere, and we are working on providing full access to our archives of back issues exclusively for our subscribers.