curly Posted October 27, 2004 Share Posted October 27, 2004 Hi there! Thanks for advice. I'm new to this.I bought a brand new holiday home 3yrs ago with a 10yr guarantee. It is my secondary home and I'm resident in the UK for tax. If I sell before owning it for 5yrs and buy another property in France, what taxes and costs will I incur in France? Link to comment Share on other sites More sharing options...
Brian -there must be a way Posted November 3, 2004 Share Posted November 3, 2004 16% on the capital gain i.e. the difference between the purchase and sale price and if this is the first sale since new then 19.6% TVA on the difference between the TVA able amounts. For example if the property was built for 100,000 then the TVA portion of that is 100,000 divided by 1.196 then multiplied by 0.196. Do the same calculation with the sale price and then take one from the other.Sue not Brian Link to comment Share on other sites More sharing options...
curly Posted November 5, 2004 Author Share Posted November 5, 2004 [quote]Hi there! Thanks for advice. I'm new to this.I bought a brand new holiday home 3yrs ago with a 10yr guarantee. It is my secondary home and I'm resident in the UK for tax. If I sell before owning it fo...[/quote]hi Sue. Thankyou for the information. Curly Link to comment Share on other sites More sharing options...
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