Main residence, second home … In what cases is the capital gain on the sale of accommodation is taxable? Answer in the program Le Grand Rendez-vous de l’Emal dungi (Capital/Radio Immo).
Capital video: Owner of a main residence and a second home, I want to sell them to buy a new main residence. Will I be imposed on the added value of the second home?
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– Real estate gains are imposed on income tax, rate of 19%, and social security contributions, at the rate of 17.2%.
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Owner of a house in Auvergne, which he lives in, and a secondary residence In Corsica, Jean wishes sell these two goods To finance the purchase of a Apartment in Pariswhere his children live, in order to get closer to them. “Will I be imposed on capital gains of sale? “he asks in the show The big real estate meeting (Capital/Radio Immo), anxious to know what amount he will have exactly after these two operations.
If he sells his house in Auvergne more expensive than he bought it 25 years ago, Jean will not be imposed on the capital gain because it is his main residence. “The added value on the sale of the main residence (and its outbuildings, such as the cellar, the garage, a parking space, the court) is exempt from tax”recalls Elodie Frémont, spokesperson for notaries of Grand Paris. This, “whatever the duration of detention Because it is not defined in the texts ”she says. In absolute terms, you can buy a main residence and resell it 15 days later without being imposed on capital gains. Provided not to surround the tax administration, likely to look at this unusual case. “”After a year of detentionthere is no risk because you will have declared your income to this address ”says Elodie Frémont.
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Two cumulative conditions to be exempt from capital gains tax
Jean will however not cut to the taxation of the capital gain on his secondary residence. Taxation for income tax, rate of 19%, and social security contributions, at the rate of 17.2%. Insofar as he intends to reinvest the product of this sale in the purchase of a main residence, within two years maximumJean could have been exempt from tax addictive value “If he had not owned his main residence in the past four years”underlines Elodie Frémont.
However, Jean is indeed the owner of his house in Auvergne, which is his main residence. “The two conditions – the allocation of the product of the sale to the purchase of a main residence within two years and the fact of not having the owner of a main residence for four years – are cumulative, to be exempt from capital gain “insists Maître Frémont.
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