19 September 2011
To earn always more income, the French Chamber of deputies has voted a new assessment for Capital Gains Tax.
The fixed allowance of 1.000 euros disappears on 19 September 2011.
As from 1st February 2012, the allowance for years of owning has changed. After the end of January, it is possible to reduce the capital gains tax of:
2% for each year between the 6th and 17th
4% for each year between the 18th and 24th
8% for each year between the 25th and 30th
By consequence, capital gains made on a property owned for more than 30 years, will benefit from a 100% allowance. It will be totally exempted.
More information Click here to read more on all specifications for non-residents.