Allypally51 Posted October 13, 2011 Share Posted October 13, 2011 I have two houses in france. One i live in and is my Main residence. The other i rent out at the moment.If i sell the one i live in now then move into the other house after my tenant leave, how long will i have to live in this house before it becomes my Maison Principal and exempt from CGT? I have lived here for 8 years and registered for tax purposes.Regards Link to comment Share on other sites More sharing options...
NormanH Posted October 13, 2011 Share Posted October 13, 2011 I believe it becomes your Résidence principale from the moment you declare it as such to the Tax authorities..You need to contact the office that sends out the local taxes for that house.Remember in certain cases (declared income under around 9000€, and also a pensioner who doesn't pay wealth tax) you are exempt from CGT anyway.. Link to comment Share on other sites More sharing options...
BIG MAC Posted October 13, 2011 Share Posted October 13, 2011 So no income under say 9000€ but a profit on the property of say 15000€ ...does the profit not then need to be declared and subject to CGT? (Genuine question not trolling) Link to comment Share on other sites More sharing options...
NormanH Posted October 13, 2011 Share Posted October 13, 2011 The amount of the added value doesn't matter as far as I know.It is the income for the previous year as shown on the Révenu fiscale de Réfénace which has to be under around 9000.You also have to be a pensioner, and not have enough assets to pay wealth tax.I think that the Notaire should handle the declaration, but in my case the Notaire didn't ask about my situation, and I am in the process of trying to claim back the tax I paid. Link to comment Share on other sites More sharing options...
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