Hi, a number of years ago, I bought through my small UK company, a house in Normandy to renovate + use as a gite for rental income for the company. Its now fully renovated but, due to other priorities + commitments I now want to sell it.
My questions are -
What's the capital gains rate for UK companies selling French properties ?
Is there any reduction rate for years owned (as private sellers can claim), if so what's the reduction rate ?
And, are social charges applicable to companies selling property. and if so what's that rate?
I've asked a couple of local estate agents these questions and though very knowlegable re private property sales capital gains, after a month and chasing them up, they still hav'nt come up with any company property sale capital gains info.
Hopefully someone on the forum would have been through this or know the answers.
Cheers.
