CGT on primary property in france

[amanda]

we own a house in france, this is our principal residence, we own no other houses. we have been living in this house as french residents for 18 months. we are now selling our house, will we be expected to pay CGT on the profit? if so, how much?

[Ian McTernan CTA]

You need to seek local advice- you are resident for French tax purposes and hence French law will apply.

Ian McTernan CTA
McTernan Associates Ltd
Chartered Tax Advisers
ian@imcternan.com

[Taxbar]

Dear Amanda,

you need to register with the French tax authorities and get a local Frenc Tax adviser.

I can recommend the firm of Anthony& Cie who are used to dealing with UK nationals and cross border taxes. They can also advise you on your other question.

Take a look at the article on my section of the website by Prof. Robert Anthony. Under information UK & International Tax Law

French Capital Gains tax is 26% for French Residents made up of 16% tax and 10% National Insurance.

I can effect an introduction to this firm or you can contact them directly.

Daniel M Feingold
Barrister-at-law (NP)
Strategic Tax Planning
International & UK Tax Consultants
 
Treen House 72 Park Road,
Prestwich Manchester M25 OFA
E-mail:sedrate@easynet.co.uk