nomoss Posted July 16, 2010 Share Posted July 16, 2010 I see from the impots website that one's main residence is exonerated from plus-value provided it is the main residence au jour du cession.As it is very unlikely we shall sell our present house before we buy the new one, I'm wondering if it is sufficient to continue to use the old address up until the time of sale, even if one lives part of the time in both houses, or whether further proof would be required that one was actually still living in the old house when the acte is signed?Or is some leeway allowed if e.g. the old house is advertised for sale? and if so, how long? I haven't so far been able to find any exceptions on the website.Does anyone have experience of this situation please? I plan to discuss this with the notaire next week, but have unfortunately been given duff advice by notaires before, so would like to double check before we make our plans. Link to comment Share on other sites More sharing options...
bubbles Posted July 16, 2010 Share Posted July 16, 2010 I read somewhere that you are now given 2 years grace after moving out of your main residence (in France) before being liable to CGT.The source said that this was because the French tax people recognised that in these hard times it can take up to two years to sell a house.I thought I had read it on this forum but perhaps I am wrong. Link to comment Share on other sites More sharing options...
mint Posted July 16, 2010 Share Posted July 16, 2010 Yes, Bubbles, you have read that information on here several times. I, for one, have mentioned it a fair few times![:P]Mind you, there is talk that that might no longer apply after the end of this year, 2010. But, who knows? Can't see the market suddenly picking up and houses selling like hot croissants!You need to be careful NOT to let the house or allow anyone else to live in it. Nothing to stop you naming the old house your principal residence and then, after you have sold, the new one will then take the place of the old one. Link to comment Share on other sites More sharing options...
Sunday Driver Posted July 17, 2010 Share Posted July 17, 2010 Here you are:Tax Office Bulletin Link to comment Share on other sites More sharing options...
nomoss Posted July 17, 2010 Author Share Posted July 17, 2010 Many thanks SD, very kind of you. How do you search for information like this?I have been searching on www.impots.gouv.fr without finding anything about it. Link to comment Share on other sites More sharing options...
parsnips Posted July 17, 2010 Share Posted July 17, 2010 [quote user="Sunday Driver"]Here you are:Tax Office Bulletin [/quote] Hi, I was unable to find anything in this link dealing with the sale of the principal residence by a private individual. I did find a copy of the ministerial ruling by googling- rep Min à QE No 42316 JOAN Q Sep 2009 , p.8540 , to which BOI 8 M 1-04 ,fiche 2,No22 refers. The extension to two years was to last to the end of 2010, it remains to be seen if it will be extended. Link to comment Share on other sites More sharing options...
nomoss Posted July 17, 2010 Author Share Posted July 17, 2010 I realised a link to just one item on the list is not valid, so scrolled down to 8 M- 1 -09 of 31 mars 2009, which is the relevant document.Thanks again SD. Link to comment Share on other sites More sharing options...
Sunday Driver Posted July 17, 2010 Share Posted July 17, 2010 Strange - I have that tax bulletin bookmarked and when I click on my bookmark link, it takes me straight to the actual document. However, when I copy the url from the bookmark and post it here as a link, it takes you to the index list instead.Anyone any ideas on why that should happen? Link to comment Share on other sites More sharing options...
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