lucky luke Posted April 24, 2007 Share Posted April 24, 2007 We already have one house in France which is our only residence and which we have owned since 2003. This home is in my name not in my husbands. We are planning to buy another house to to rent out and put this in my husband's name. Would this mean that should we come to sell in the future we would not be subject to Capital Gains Tax? Any thoughts and advice very welcome.LL Link to comment Share on other sites More sharing options...
Sunday Driver Posted April 24, 2007 Share Posted April 24, 2007 To be exempt from CGT, a property must be your principal residence, ie your main home. If the other house is being used for renting out purposes, then it doesn't fall within this definition. Link to comment Share on other sites More sharing options...
lucky luke Posted April 24, 2007 Author Share Posted April 24, 2007 Ah ..thanks for that. It was worth wondering! Link to comment Share on other sites More sharing options...
Mr Coeur de Lion Posted April 27, 2007 Share Posted April 27, 2007 As taxation is completed on the household, rather than individuals like the UK, I would think that this would not work.The household can only have one residence at a time.Regards, Link to comment Share on other sites More sharing options...
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