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How Long Do You Have To Own A Property In France Before The Property Tax On The Sale Of A House Is Nil?
Sun, Oct 4, 2009
2 Responses to “How Long Do You Have To Own A Property In France Before The Property Tax On The Sale Of A House Is Nil?”
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October 4th, 2009 at 11:44 am
IT will always attract property tax as it is” une maison secondaire”. I f you want to beat the tax you should purchase in a company name [ S.C.I.].
Furthermore , be aware that the property will be subject to French property laws on inheritance and will go to your children and/or wife.
I had a real estate business in France.
October 4th, 2009 at 12:17 pm
Capital Gains tax is payable on the calculated gain at :
Non EU, Non French residents : 33%
French resident : 27%
EU resident : 16%
If it is your principal residence, there is no capital gains tax.
There is taper relief with time of ownership. %age of tax payable on gain where property owned for :
0-5yrs : 100%
6 yrs : 90%
7yrs : 80%
8yrs : 70%
9yrs : 60%
10yrs : 50%
11yrs : 40%
12yrs : 30%
13yrs : 20%
14yrs : 10%
15yrs : 0%
More details :http://www.french-property.com/guides/fr…
Peter