I am considering selling a property I have in France. What would be my tax obligations and how would the capital gain arising from the sale be assessed and taxed?
Sales made by non-residents are liable to capital gain tax. The capital gain is worked out in the same way as for French nationals. Capital gains made by non-residents on occasional sales of properties located in France are subject to a one-third withholding tax collected when the deed is submitted to registration duties. Exemption A property owned in France by a French national who does not reside in France is considered as a main residence and is exempted from capital gain tax, on the basis of one residence per taxpayer. To qualify, the seller must have been resident in France for tax purposes during at least one full year and must have had free access to the property since its acquisition or completion or during at least three years. This same exemption is available to individuals who are nationals of other EU countries or to those of countries linked with France by an agreement against discrimination on the ground of nationality. Calculation The capital gain is worked out in the sa
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