A double taxation agreement signed with France on 11 December 1980 offers the following advantages:
Mauritian property income received by a French resident is not taxable in France. However, since July 2023, tax on rental income has changed from a flat rate of 15% to a progressive rate of 0% to 20% per income bracket.
If the property is purchased by a company, the tax rate will remain at 15%.
There is no real estate wealth tax (IFI) in Mauritius. Under the Franco-Mauritian tax treaty, a property located in Mauritius and owned by a French resident is not subject to IFI in France.
No capital gains tax on the resale of a property. The capital gain realised on the sale of a property held in Mauritius by a French tax resident is not taxable in France, nor is it subject to CSG/CRDS.
There is no property tax, council tax or CSG in Mauritius. The only tax levied on property is at the time of purchase, a government tax amounting to 5% of the sale price.
There are no inheritance or endowment taxes in Mauritius for Mauritian residents.
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