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, […]
A new study surveying prime real estate in 15 major international cities reveals that Paris offers one of the most attractive tax regimes for foreign investors. British estate agent Knight Frank recently published their Global Tax Report in partnership with Ernst & Young (EY), assessing the impact of tax and property costs for foreign investors […]
The clock is ticking: property sales by non-French residents in 2014 and possibly 2013 were overtaxed. Refund claims must be filed before December 31, 2015. People who recently sold real estate in France but reside outside the country are owed substantial refunds for capital gains taxes and French social security contributions.
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.
Marilyn Benichou, Senior Counsel of Paris law firm De Gaulle, Fleurance & Associés explains some changes to French regulations about capital gains tax that apply to non-residents. From January 1st 2015, the French government introduced a number of changes to the capital gains tax regime, by means of the revised Finance Law 2014 and the […]
Two expected changes to French tax law mean that some non-residents of France may be able to claim refunds of social charges payments and partial refunds of capital gains tax. But claims for refunds of payments made in 2013 must be filed by December 31st 2014.
We have reported regularly on changes to the French capital gains tax (CGT) regime over the past two years. In France, the capital gain on the sale of a primary residence is exempt from any tax. But the capital gain on the sale of a second home or investment property is liable to tax and […]
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 […]
France may have led the way in imposing capital gains tax (CGT) on sales of second homes but the UK is now following suit.
An interview with our collaborator Nicole von Klencke, owner-manager of Unusual Spaces in Berlin. She personally advises clients who seek high-end real estate tailored to their specific needs. 1. What are your customers typically looking to buy? Our customers want something special, so we offer only architecturally-interesting or exclusive properties with a fascinating history. […]