Reminder: The partition duty is levied by the French tax administration when co-owners agree to terminate the joint ownership by allocating the jointly owned property to one of them. Except in specific cases, this duty is set at 2.5% of the net value of the assets being divided.
Answer: Yes. Article 750 bis B of the French General Tax Code provides for an exemption from the partition duty, subject to the following conditions:
The partition must benefit members originally part of the joint ownership, their spouses, ascendants or descendants, or the universal beneficiaries of one or more of them;
The transaction must take place between 1 January 2017 and 31 December 2037;
The property being divided must be located in Corsica.