French Capital Gains Tax changes announced

This post is also available in: Français (French)

The last update I published on Capital Gains Tax in France was last summer, you can see what I said here “FRENCH CGT” , François Hollande has recently been interviewed on the French TV channel M6 and one of the subjects he spoke about was some upcoming changes to these tax rules. He said that the French government intended to reduce the time taken for this tax liability to reduce to zero from the current 30 years to 22 years.  In fact 22 years was the “old” length of time that was in place before the rules were changed last year. This is in response to the fact that property transactions declined significantly across France in 2012 and they look to be down in 2013 too. Here is a link to the story in French at Le Figaro

This is good news and will reduce the tax liability for people selling their French properties.

In other news….we’ve just taken on a lovely new chalet in Beaufort near Albertville.

Chalet for sale in Beaufort

I first mentioned this village at the end of last summer after making a visit with my family. I wrote about it here. It’s a lovely place and I’m pleased we are spreading in that direction. This property is 1km from the centre of town, has 3 bedrooms and is good value at 395 000 €. Click on the picture above for more information. Some more pictures below: