The French projet de loi de finances (PDLF) for 2021 has been presented to the French parliament. It includes the tax changes that the French government is proposing. Some of these tax changes are standard updates (such as the thresholds for the income tax bands) but also some new tax laws. Below is a summary …
I’ve been getting a lot of enquiries recently from UK residents thinking of moving to France either temporarily or on a more permanent basis. The two current events that seem to be driving this increased interest in the idea of working in France are: Brexit: The end of the Brexit transition period is fast approaching, …
The point of this section is to help you focus on the tax issues that are relevant to your individual circumstances. You will be asked a few questions, and at the end you will either see a short summary of how you will be taxed on the sale of your property or what matters you …
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If you are a UK tax resident then you normally have to pay UK CGT on the sale of property you own anywhere in the world. There are two exceptions to this rule: You are UK tax resident but not UK domiciledThe property is in a country that has a double tax agreement with the …
The other sections of this guide on French property CGT has focused on what happens in France when you sell a property. This section looks at what happens in the UK. There are two situations to consider: 1. UK tax residents selling French property 2. French tax residents selling UK property This content is only …
If you are a UK resident selling a French property, you will have to consider both French and UK CGT. Use the calculator below to estimate the CGT liability in France and in the UK. This content is only available to subscribers. If you have already subscribed, please log in to view the content. If …
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There are three capital gains tax returns to submit depending on the type of property you have sold – buildings, land or property companies. These are the forms that need to be completed for each type of property: Form 2048-IMM – for declaring CGT on buildingsForm 2048-TAB – for declaring CGT on land aloneForm 2048-M …
In the previous section I showed you how to calculate the capital gain. There, we calculated two gains: the ‘tax gain’ and the ‘social charges gain’. In this section I will show you how to calculate the total CGT charge. Once you understand how the calculation works you can try out the French property CGT …
When you sell your property, there are two gains that need to be calculated: Tax gainSocial charges gain These gains are important because they will be used as the basis for calculating the tax you will pay on the sale of your property. The only difference in their calculations is the taper rates used to …