If you are selling, or are thinking of selling your French property, you need to consider whether French capital gains tax (CGT) will be due. <\/p>\n\n\n\n
The most familiar transaction that is subject to French property CGT is a straightforward sale between individuals, in exchange for money. Other less common types of transfers may also be subject to French property CGT, for example an exchange of properties, expropriation (enforced sale) or an auction, to name but a few. Whenever property changes hands you need to consider whether French property CGT will be due.<\/p>\n\n\n\n
The rules described here apply only to the sale of real estate property. There are separate CGT rules for selling other types of assets such as financial investments.<\/p>\n\n\n\n
Real estate property means a physical land or building. It can also include a real estate property fund or shares in a company that owns real estate property. We normally refer to real estate property simply as property.<\/p>\n\n\n\n
Companies that sell property are normally subject to special CGT rules for companies. However certain companies can be subject to French property CGT, for example a non-trading SCI<\/em>. In this case the capital gain is attributed to the individual shareholders.<\/p>\n\n\n\n An individual’s tax residence can affect whether they pay French CGT. Normally we need to look at three things:<\/p>\n\n\n\n The table below summarises the situation between France and the UK.<\/p>\n\n\nHow does residence affect French property CGT?<\/h2>\n\n\n\n