Jon 1 Posted September 27, 2011 Share Posted September 27, 2011 We are in the process of selling our property...hopefully!It is anticipated that the sale should be completed by the beginning of November.What % refund, if any, should we expect on TF due in October?The Notaire said that we will have to pay the TdH due in December. What % refund, if any, would we receive on the TdH?The Notaire also said that we cannot claim the 400 euros being asked by the Syndic for changing over ownership, against CGT. Does this sound correct?I ask for an explanation on all the above because the Notaire was quite vague on the standard 15% allowance against CGT for property improvement.Thanks Link to comment Share on other sites More sharing options...
Judie Posted September 27, 2011 Share Posted September 27, 2011 When I was selling houses, the taxe d'habitation was payable in full by the seller as long as they had owned the property since the 1st of January of that year. The taxe fonciere was usually apportioned between seller and buyer relevant to the number of days the property was owned by each.Not sure what you mean by the 400 euro part. If you mean you are being charged 400 euros by a holding company in respect of CGT as your sale is in excess of 150,000 euros, then, unless things have changed, you are liable. Link to comment Share on other sites More sharing options...
pachapapa Posted September 27, 2011 Share Posted September 27, 2011 I think he means a € 400 charge by the Syndic of a Condo. Link to comment Share on other sites More sharing options...
Jon 1 Posted September 27, 2011 Author Share Posted September 27, 2011 Thanks for your reply.Yes it seems there is a charge by the Syndic simply for recording a change of owner!! Link to comment Share on other sites More sharing options...
nomoss Posted September 27, 2011 Share Posted September 27, 2011 Yes, nice little racket innit? But they have you over a barrel as you need a letter from the syndic stating you have fulfilled all commitments to the copropriety before the sale can be completed. Link to comment Share on other sites More sharing options...
Jon 1 Posted September 27, 2011 Author Share Posted September 27, 2011 Yes, but I have been told by the Notaire that this 400 euros can not be counted as a deduction against CGT.I don't understand why not. It is a legitimate expense surely? Link to comment Share on other sites More sharing options...
pachapapa Posted September 27, 2011 Share Posted September 27, 2011 Perhaps some confusion between a profit & loss and a balance sheet![I] Link to comment Share on other sites More sharing options...
Jon 1 Posted September 27, 2011 Author Share Posted September 27, 2011 I don't understand your replyWho is misunderstanding, me or the Notaire?As far as I understand all expenses like these are considered a legitimate expense for UK CGT. I don't understand why this is not the same in a French CGT context. Link to comment Share on other sites More sharing options...
nomoss Posted September 27, 2011 Share Posted September 27, 2011 Ask another Notaire Link to comment Share on other sites More sharing options...
Jon 1 Posted September 27, 2011 Author Share Posted September 27, 2011 Possibly like asking two economists. you get three answers!! Link to comment Share on other sites More sharing options...
Jon 1 Posted September 27, 2011 Author Share Posted September 27, 2011 [quote user="nomoss"]Ask another Notaire[/quote]Possibly like asking two economists. You get three answers!! Link to comment Share on other sites More sharing options...
idun Posted September 27, 2011 Share Posted September 27, 2011 I take it that the notaire has mentioned the T/F being apportioned on your paperwork, if not then you may get nothing back. In our case the notaire counted the number of days for us and the new owner and then split it based on the previous years bill, not the current one. Link to comment Share on other sites More sharing options...
Judie Posted September 27, 2011 Share Posted September 27, 2011 Just like the notaire we mostly worked with. Link to comment Share on other sites More sharing options...
Recommended Posts
Please sign in to comment
You will be able to leave a comment after signing in
Sign In Now