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New Capital Gains tax on second homes.


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I have been following the the recent debate surrounding the increase of exoneration de plus value from 15 to 30 years on sales of secondary residences. However, on the front page of the connexion issue 107 it says " changes to cgt tax on second homes........would not affect sales of British properties of French residents". Can anyone shed some light on this comment as after trawling the internet I am still non the wiser...! I am domiciled for tax purposes in France, have a rental property in UK for which I pay tax on in UK and any profit is used to help calcualte my "taux effectif". Until I read this statement I assumed that the increase from 15 to30 years affects anyone with a property that isnt their main home?

Thanks, Andy.


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