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Originally Posted by junditclaire
Hello Leonardo
If your property is based in France, then the general rule is that after the first 5 years, you have a reduction of 10% every year which means that after 15 years you have no CGT to pay. However you also get reductions for any works that you've carried out on the property also which could help you to reduce your CGT quicker. You would be best getting your paperwork together and going to visit your notaire to figure out exactly how much you'll have to pay in order to see if it's worth your while.
Good luck.
Claire Healy
Attika International
Property in Nice & Property in Cannes |
Hello, I am new here, but I wanted to know if I need to pay French capital gains tax on my apartment in France if I plan to sell it to buy a bigger one. I am non-EU.
Thanks,
Busk