Answers - Real Estate

Savvy investors who have realised the potential of buying property in France would do

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

well to get up to speed on the taxation laws of the country.

Already, the UK and Fr

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

nce have a double agreement which means tax is paid in one country or the other - but

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

not in both.

Non-residents who own French property may be subject to income tax on a

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

ything earned within the country, such as renting out a home.

In terms of taxation,

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

he definition of a resident is anyone who has stayed in the country for more than 18

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

3 days within a calendar year, although these days are not necessarily consecutive.

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

rench residents will be charged if they earn the majority of their money within the c

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

untry, if most of their work takes place there or if it is where their substantial as

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

ets are.

The tax burden can be reduced under a system which allows a household's com

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

ined taxable income to be divided by the number of people living there, including a s

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

pouse or dependent children.

Two local property taxes, known as taxe fonciere and tax

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

d'habitation, are collected centrally then redistributed to pay for services includi

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

g refuse collection, street cleaning, schools and other community facilities.

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

>French Holiday Lets

A word of warning for foreign property owners -

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

t="_new" href="http://www.1st-for-french-property.co.uk/services/french-tax.htm">Frenc

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

h Tax on letting income! If you rent your property, even for a few months, you mus

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

declare your income in France every year! If you do not declare your income, the tax

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

administration in France will tax you on the level of 25% of the estimated renting i

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

comes, without any deduction! You will also pay penalties and interests for the delay

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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Answers - A Move to France Doesn't Have to Be Taxing

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