XLeblanc Posted August 29, 2008 Share Posted August 29, 2008 We currently have a house, large barn and four and a half acres of land. It has been our primary residence for four years now. We recently bought another house in different area in France and intended selling our current one. The climate for selling the house is obviously not great right now and the farmer next door has asked if we want to sell the barn and the land. We have done a lot of work on the house but nothing with the barn. So from an analytical point of view there would be no capital gain on the value of the barn and it would be worth virtually the same as the percentage of the original purchase price.I would be grateful to hear from anyone with experience in similar circumstances.Cheers Link to comment Share on other sites More sharing options...
parsnips Posted August 29, 2008 Share Posted August 29, 2008 The notaire will calculate the CGT at time of sale(you could ask for an estimate beforehand--it might help to use the same notaire as for purchase) if there's no or little gain then there will be no or little tax. Link to comment Share on other sites More sharing options...
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