Is there any Capital Gains Tax or Gain Immobilier tax ?
Yes, but this reduces the longer you keep the property. If the property is sold within five years of purchase, capital gains tax is charged at 20% of profit with a minimum of 3% of the sale price. A property sold between six and ten years from purchase will pay 10% capital gains tax and 0% thereafter. Capital gains tax is based on the sale price minus the purchase price.
