mr ploppy Posted July 7, 2008 Share Posted July 7, 2008 Hi,We've been living abroad (out of the UK) for a number of years, during which time our house in the UK has been let. We've been living in rental accommodation and only own that one property. We are considering moving to France and possibly selling our house in the UK to finance our move to France. I'm pretty sure that if we sell our UK property then there'll be no Capital Gains Tax due in the UK. But would there be any CGT due in France?Thanks. Link to comment Share on other sites More sharing options...
Ron Avery Posted July 7, 2008 Share Posted July 7, 2008 If you have not lived in France when the UK house is sold, there will be no CGT payable here. If you sell after buying in France then there will be. Do a search on CGT on here, there is loads of good information on this. Link to comment Share on other sites More sharing options...
gosub Posted July 7, 2008 Share Posted July 7, 2008 If you sell your UK property before becoming resident in France why would you pay CGT in France? Even if you are resident in France I don't think that at the moment you would have CGT to pay, maybe changing in the future. Link to comment Share on other sites More sharing options...
Ron Avery Posted July 8, 2008 Share Posted July 8, 2008 Les If the OP is resident in France and sells UK house, wouldn't there be CGT liability if the UK house was seen as a second home and not the French house or is there a time frame issue here? Link to comment Share on other sites More sharing options...
gosub Posted July 8, 2008 Share Posted July 8, 2008 This is from a post by Cat.http://www.completefrance.com/cs/forums/1190077/ShowPost.aspx Link to comment Share on other sites More sharing options...
Cat Posted July 8, 2008 Share Posted July 8, 2008 Gosub is right.As the "new" 2004 double taxation treaty has still not been ratified, the situation remains as discussed in the link above. Link to comment Share on other sites More sharing options...
mr ploppy Posted July 8, 2008 Author Share Posted July 8, 2008 Not quite sure of the real answer having read those posts, but also we have a slight change of plan. For the time being, for reasons I won't bore you with, we will likely hold on to our house in the UK, and continue to let it out.If we were to become resident in France, and sell the UK property in, say, 2 years' time, would the French claim CGT at that point? Remember we have been outside the UK for many years and haven't lived in our UK property during that time.Would it make a difference whether we rented or bought a house in France in the meantime. If we buy then I guess the UK house would be treated as a second home. Does the same apply if we rent in France?Thanks for your help. Link to comment Share on other sites More sharing options...
Cat Posted July 8, 2008 Share Posted July 8, 2008 Too many variables there I suspect, Mr Ploppy, for anyone to be able to give you solid advice. Time to start thinking about taking professional advice perhaps? Link to comment Share on other sites More sharing options...
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