French Capital Gains Tax

French Capital Gains Tax

French capital gains arises on the sale of a French asset, such as a second home in France or shareholding in a Société Civile Immobilière (S.C.I). Tapering relief may be applied leading to a full exemption after 30 years of ownership. 

French capital gains tax is known as plus values. The calculation is complex and various rates may apply including a rate for social contribution, prélévements sociaux. 

Costs, such as for reconstruction or enlargement of a property, may be added to the purchase price to reduce the amount of tax due. Alternatively, 15% of the initial purchase price may be added provided the property is sold more than five years after acquisition.

The rates of capital gains tax and for the social contribution are reviewed regularly by the French government.

Trousset Fawcett are leading cross border and French law solicitors based in the heart of London, UK. We offer specialist services relating to French capital gains tax. To discover more about our French capital gains tax solicitor service, please see below.

French Capital Gains Tax Solicitors

As French capital gains tax solicitors, the services we provide cover your tax journey from beginning to end, which may involve: 

  • At the outset of the transaction, estimating the amount of capital gains tax payable, if any,
  • Advising regarding the costs and involvement of the French tax warrantor
  • Assessing if any costs may be added to the initial purchase price to reduce the amount of capital gains tax due
  • Where appropriate, supplying the French tax warrantor with evidence of such costs
  • Assisting with any further claims made to the French tax authorities to recoup any capital gains tax paid 

Whether there is a gain or not, a tax warrantor must be appointed on a sale of French property. They act as guarantor for the amount of capital gains tax due to the French tax authorities. The amount of tax will be deducted from the proceeds of sale.

We do not advise on matters relating to the UK’s capital gains tax laws.

If you are looking for French legal services, we also advise on French property law, French wealth tax and French inheritance tax. To hear more about our areas of expertise and what we can offer you, please contact us online or call on +44 (0)203 773 22778.

Your Contact

Nathalie Trousset is a well-known and highly-regarded qualified French notaire and public notary based in London, providing specialist French notarial services for clients across England and Wales.

Nathalie is also a solicitor of England and Wales and a French avocat at the Paris Bar providing specialist legal advice regarding French property matters.

Because of our professionalism, experience, and nationality, we have excellent working relationships with notaires all over France. Our clients come to us through a variety of channels, including word of mouth, referrals from French notaires, estate agents, solicitors, banks, and current and former clients.

We also provide an apostille certificate service, as well as notarising French powers of attorney. Please e-mail us at info@troussetfawcett.com or call +44 (0)203 773 22778 to learn more about our areas of expertise and what we can offer you.

Nathalie Trousset
Founder

Get in touch

For French legal advice by a French solicitor or notary public service, contact Trousset Fawcett. We offer a truly specialist legal service for clients based in England and Wales. Enquire with us today.