toni1 Posted March 20, 2012 Share Posted March 20, 2012 Hopefully we have sold our French house!! Unfortunately, no capital gains but immoblier is advising that even so we need to get a certificate/indemnity against future tax liability from this lot- SARF : Société Accréditéede Représentation Fiscale, and that this could cost up to €1,500. Has anyone any experience in this and are we obliged to obtain this indemnity? Link to comment Share on other sites More sharing options...
DraytonBoy Posted March 25, 2012 Share Posted March 25, 2012 If you have a Notaire it's possible they are able to calculate any CGT due rather than having to pay SARF 's charges which by the way are correct. Link to comment Share on other sites More sharing options...
toni1 Posted March 26, 2012 Author Share Posted March 26, 2012 I am confused by what immo is saying because there is NO capital gains on the sale and also the sale price is under €150,000 which I understand is the value at which there is an exemption form CGT?? Grateful if any one has been through a similar process recently or has any light to shed. Link to comment Share on other sites More sharing options...
DraytonBoy Posted March 26, 2012 Share Posted March 26, 2012 I'm not aware of any such exemption. I attended the sale of house recently with a price of 23k and the seller still had to pay CGT as it was a second home. In this case the CGT calculation was done by the Notaire who deducted the sum owing from the sale proceeds. Link to comment Share on other sites More sharing options...
BJSLIV Posted March 27, 2012 Share Posted March 27, 2012 The 150,000 exemption is a dispensation from the obligation to appoint a Fiscal Representative, where the sale value is less than this amount. CGT would still apply, if there were to be any gains!. It means that the Notaire carries out the calculation without any recourse to a Fiscal representative Link to comment Share on other sites More sharing options...
BJSLIV Posted March 27, 2012 Share Posted March 27, 2012 The details are set out here. http://www.impots.gouv.fr/portal/dgi/public/popup;jsessionid=VSKQE4H53SSZHQFIEIQCFFA?docOid=documentstandard_5844&espId=0&typePage=cpr02 Link to comment Share on other sites More sharing options...
toni1 Posted March 27, 2012 Author Share Posted March 27, 2012 Thanks so much BJSLIV, that clarifies things greatly. Link to comment Share on other sites More sharing options...
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