Considering a French real estate purchase?
It’s all about timing and taking advantage of these TWO great opportunities to SAVE: But Buyers need to move fast!
1. Temporary 25% Discount on the Capital Gains Tax!
Applicable: to property sales signed between 01/09/13 and 31/08/2014* (1)
Capital gains tax – for a property that is not your main residence, capital gains tax after a sale starts at approximately 34.50% for a French tax resident and at 48.83% (33.33% + 15.5%) for a non-European Union tax resident (the rate is 34.50% - 19% + 15.5% - for a European citizen residing in a European Union country) and is progressively reduced each year after the 6th first years to arrive at 0% after 30 years. Therefore if you hold your property long enough, you won’t pay any capital gains tax at sale. There is no capital gains tax on your primary residence.* (2)
2. Incredible LOW Rates for Mortgages available NOW!
Rates from:
Fixed: 2.30%
6 to 25 yrs
Variable rates: 2.65%
7 to 25 yrs
(60 to 85%)
French mortgage interest rates for resident buyers (primary & holiday homes, buy to lets)
Rates from:
Fixed: 2.30%
10 to 25 yrs
variable rates: 2.65%
10 to 25 yrs
(60 to 100% of price)
Best French mortgage rates for equity release & remortgages:
Rates from:
Fixed: 2.80%
6 to 20 yrs
Variable rate: 3.80%
6 to 20 yrs
Contact us for more details about the ONE TIME Capital Gains Discount expiring August 31, 2014 , Low Mortgage Rates and Current Listings of properties available FOR SALE as owner-occupied and investor rental units.
Or your project?
It’s a great time to buy French real estate!
G R O U P E – M D G
Acquisition – Financing –Management
www. France-Propriete-Recherche.com
Email: [email protected]
Telephone: +33 (0)6 21 21 13 55
(1) EXCEPT sales:
- of building land,
- of shares of companies whose capital consists mainly of real estate,
- to a spouse, PACS/civil partner, live-in partner, ascendant, descendant
- to a company owned by the seller and/or the persons listed above.
• to the net capital gain after deducting the allowances for length of ownership (CGT + social charges),
• for calculating the tax basis of the Supplementary Tax (article 1609 9 G of the French Tax Code) (calculated on the CGT part of the tax).
(2) For all types of properties (except building land), the capital gain is totally exempt:
- from the CGT part of the tax: after 22 years of ownership,
- from the social charges part of the tax: after 30 years of ownership
• For building land: Exempt after 30 years.
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