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Capital Gains Tax


Lespearsons

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Has anyone any idea of what the tax situation would be due in this situation.

We have been French residents for nearly 9 years and now have our house on the market for a move back to the UK. We have not managed to sell so we might move back to the UK and take up residence in our flat there and leave our house here on the market.

Would the house be taxed as a 'maison secondaire' or would the capital gain (hopefully there will be one!) be taxed more favourably?

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I think that there is a time limit on selling it after you have left, of about 3 years.  Your notaire should be able to tell you, as they would deal witht the CGT aspect, if there is one. And if they don't know, find one that does, as a notaire should know all this 'stuff'!

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[quote user="Lespearsons"]Has anyone any idea of what the tax situation would be due in this situation.

We have been French residents for nearly 9 years and now have our house on the market for a move back to the UK. We have not managed to sell so we might move back to the UK and take up residence in our flat there and leave our house here on the market.

Would the house be taxed as a 'maison secondaire' or would the capital gain (hopefully there will be one!) be taxed more favourably?[/quote]

Hi,

 See reply elsewhere.

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