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capital gains-main house?

Posted by munchkin-191066 - Created: 15 years ago
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4 replies (Showing replies: 1 to 4)

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Posted by rosetta-185721 - 15 years ago

This is assuming that you're French resident, of course. If not, I believe it's 33% on profit made but you can reduce it if you can provide bills etc for work done on improvements. After 2 years it goes down by a few percent a year, so that after 22 years you don't pay capital gains if non resident. Had read somewhere that this was changing though.

rosetta

 

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Posted by rosetta-185721 - 15 years ago

This is assuming that you're French resident, of course. If not, I believe it's 33% on profit made but you can reduce it if you can provide bills etc for work done on improvements. After 2 years it goes down by a few percent a year, so that after 22 years you don't pay capital gains if non resident. Had read somewhere that this was changing though.

rosetta

 

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Posted by Shuba - 15 years ago

In your case there shouldn't be (It's only the case if you've build the house and been living in it for less than 5 years). Get confirmation from a notaire though.

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Posted by secours-180503 - 15 years ago

Sorry, but that's wrong!!

There is nothing to pay if it was your principal home.

And You were living in it since you bought it.