Selling new house less than 5 years old and the TVA payable?

[Max]

Hi there.

Ive sold my home in the Uk and moved into my French house which is now my main residence. I have owned the house since 2003 but now want to sell it and buy a larger house, but my estate agent tells me, or trys to explain to me(!) that TVA is payable on the capital gain. I thought this was only the case if the house was not your primary residence. Also, I paid TVA on the purchase price originally. I wonderd if anyone had any ideas on this.

Many thanks

[Beryl]

Yes , you will have to pay a tax on the difference between the contruction price ( on which you have already paid TVA) and the selling price, eg the profit.

You need to give all the factures you have paid to your notaire and details of how much you paid for the land (if you bought this separately ) and they can then work it all out.