A person who is a resident in Portugal owns a property in France and rents it to a person who is a resident of a third State, named O. The tenant pays the rent from an Om bank account to the Italian bank account of the Italian landlord.

Portugal (Landlord)

O(Tenant)

France (Property)

The local applicable rules are as follows: Italy provides for the world-wide taxation of individuals resident in Italy; France provides for the taxation of rental income deriving from property located in FranceO provides for the taxation of rental income when the payment is made by an Om

resident.

Can you help me to answer those Y/N questions, I'm encountering some difficulties :

Is the tenant making a profit (and needs to bet axed) ?

Is there a primary double taxation (two States claiming to be Resident

States)?

Are there 2 (separate) secondary double taxations ?

Is France going to solve there sidual double taxation?

Answer rating: 100% (QA)

Is the tenant making a profit and needs to be taxed Yes the tenant is making a profit since they are ... View the full answer