alex

not all the "departements" have increased their stamp duty, a few of them have not, and some have postponed their decision after the "municipale" the mayor election, good to know if you signed a compromis de vente in one of these departement: http://frenchpropertytrend.wordpress.com/

On the 2nd of August the French Ministry of Finance disclosed a document with lots of information about the property capital gains tax reform. In a nutshell, the exemption after 22 years will be for the 19% tax part only, (with progressive rebate from the 6th year onward after acquiring the property), while the 15.5% CSG & CRDS charges will be completely exempted after 30 years, with a small rebate every from the 6th year to the 22nd year and then a much higher rebate after the 22nd year. The 25% additional rebate between the 1st of September 2013 and the 31st of August 2014 will be for both the tax part and the CSG & CRDS part. This lead to a very significant reduction of the amount to pay to the French state, which depends on the date you bought your property and the amount of capital gains. The additional capital gains tax above 50 000 euros is still on, however for a married couple or a non married but official couple the 50 000 euros (after applying the various rebates mentionned above) is considered for each partner, which means that if you get a 90 000 capital gains after all the rebates a couple will not pay additional 2% tax as for each of them 45 000 is below the 50 000 euros mark.... Also remember that for calculating the capital gains,  the selling price should be taken once you deducted the fees that you paid to an estate agent, if you plan to sell through an estate agent, and the tax rules allows you to inflate the acquisition price by a flat rate of 7.5% (acquisition costs) and also another flat rate of 15% for refurbishement if you own the property for more than 5 years (whether you did the refirbishment or not). There is a lot of information on the blog:[:)] http://frenchpropertytrend.wordpress.com/

On the 2nd of August the French Ministry of Finance disclosed a document with lots of information about the property capital gains tax reform. In a nutshell, the exemption after 22 years will be for the 19% tax part only, (with progressive rebate from the 6th year onward after acquiring the property), while the 15.5% CSG & CRDS charges will be completely exempted after 30 years, with a small rebate every from the 6th year to the 22nd year and then a much higher rebate after the 22nd year. The 25% additional rebate between the 1st of September 2013 and the 31st of August 2014 will be for both the tax part and the CSG & CRDS part. This lead to a very significant reduction of the amount to pay to the French state, which depends on the date you bought your property and the amount of capital gains. The additional capital gains tax above 50 000 euros is still on, however for a married couple or a non married but official couple the 50 000 euros (after applying the various rebates mentionned above) is considered for each partner, which means that if you get a 90 000 capital gains after all the rebates a couple will not pay additional 2% tax as for each of them 45 000 is below the 50 000 euros mark.... Also remember that for calculating the capital gains,  the selling price should be taken once you deducted the fees that you paid to an estate agent, if you plan to sell through an estate agent, and the tax rules allows you to inflate the acquisition price by a flat rate of 7.5% (acquisition costs) and also another flat rate of 15% for refurbishement if you own the property for more than 5 years (whether you did the refirbishment or not). There is a lot of information on the blog:[:)] http://frenchpropertytrend.wordpress.com/