Thinking about selling your French holiday home? If so, make sure you’re up to date with the new capital gains tax rules first.
From this autumn, the tax is being applied to property sales of second homes in France unless you’ve owned your place for 22 years or more (reduced from 30 years).
There’s no change to the period of exemption from social charges – if you’ve owned your second home for 30 years, social charges don’t apply.
Supplementary capital gains tax, meanwhile, will continue to apply on gains over €50,000 (£41,943).