Finance & Taxation

Personal Taxation in France
- 1. Overview
- 2. Top Tips
- 3. Income Tax Liability
- 4. Income Tax Return
- 5. Calculating Income Tax Liability
- 6. Payment of Income Tax
- 7. Social Security Contributions
- 8. Taxation of Investment Income
- 9. Local Property Taxes
- 10. French Wealth Tax
- 11. Capital Gains Tax
- 12. Gifts Tax
- 13. Tax Inspection
- 14. Tax Complaints

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11. French Capital Gains Tax

11.1. French Real Estate Exemptions
11.2. French Real Estate Deductions
11.3. French Tax Rate
11.4. Shares and Other Property
11.5. Development Land
11.6. Your Former Home

11.6. Your Former French Home

If you are buying in France with a view to relocating, the tax status of any unsold property that you may continue to retain in your home country may well change.

If you become permanently resident in France, and then subsequently sell the property, you could become liable for capital gains tax on the sale proceeds.

The trigger point for liability will depend on the terms of any double taxation treaty between France and your home country.

In the case of former residents of the UK:

There is an exemption from capital gains tax by the UK tax authorities on the disposal of the main residence for a period of five years.
The sale of the property is also exempt from capital gains tax in France, which is uniquely taxable in the UK.

This concession may well be removed in the future, as a new draft tax treaty signed between France and UK, (yet to come into force), may well make you liable for capital gains in France on the future sale of your former home.

Next: Gifts Tax within France

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