Working with our French accountant i have run into a snag. A quick search of previous posts hasn’t revealed anything that would help so here goes:
We are tax resident in France. Our investments are managed in the UK by a UK company ( they are obviously not familiar with the French tax code ). I understand how to calculate CGT which includes the possibility of a reduction in tax based on the length of time an investment is owned ( abattement pour duree de detention ). Unfortunately some investments are not eligible for this reduction. French investment managers are able to decide if an investment is eligible or not. My accountant has told us that he is not qualified / trained to make that decision and that we are legally responsible for calculating the capital gains on our foreign investments and liable for justifying any rebates. I cannot find any information to help me decide which investments ( shares ) are eligible or not.
Anyone any ideas or know anyone who might be able to give us an answer. I appreciate that we are fortunate to be in this position but i still would prefer not to pay any more in taxes than required.