Expert Insight, Breaking News, and Insider Stories on Real Estate in Paris
The French government has reintroduced extra capital gains taxes on property sold in France by non-residents, using a not so subtle legal subterfuge that may well be contested by the European Court of Justice in coming months. The issue of capital gains overpaid by non-resident property sellers in France has been a widely disputed issue, […]
Since August 2012, non-residents who sell a property in France, or derive income from property rentals, have had to pay social charges totaling 15.5% on the net capital gain or the income. A recent judgment by the European Court of Justice (ECJ) has overturned this rule.
We have reported regularly on the changing capital gains tax landscape in France. Read our latest update here. The capital gain is the difference between the price you pay for a property that is not your primary residence and the price you get when you sell it. However, there is a range of expenses, prescribed […]
Is there any chance that if we stall on selling till 2013 that we can pay a reduced rate on capital gains tax? We have owned the property since 2008 and have spent a lot renovating it, but we do have an offer on the table now?
In response to the stark reduction in the volume of real estate sales nationwide and the resulting loss in capital gains tax revenue, President Hollande proposed to reduce the capital gains tax on real estate sales – for a limited time.