French CGT Capital Gains Tax calculator

A SECOND HOME IN FRANCE
CAPITAL GAINS TAX CALCULATIONS - IF OWNED FOR MORE THAN 5 YEARS

1. Calculate the Gross Taxable Amount

euro

Francs

Selling price

Deduct: Allowed charges and taxes for sale
(agency commission, legal fees)...

Deduct: Original Purchase Price

Deduct: Fees for original purchase.
( default is 7.5%) = €

Deduct: Allowable work done.
(default is 15% of original price) = €

Deduct: Local sevice charges.

GROSS TAXABLE AMOUNT

2. Calculate the reduction allowed
for the period greater than 5 years

Enter the date of purchase. (dd/mm/yyyy)

Years owned after the 5th year

Percentage rate allowed for each year

Total percentage reduction
(maximum 100% =15 years)

euro

Francs

Gross Taxable Sum x Percentage reduction
= Reduction Allowed

Gross Taxable Sum less Reduction Allowed
= Net Value For Taxation

Standard Rebate Allowed

euro

Francs

Standard Rebate is 1000 euro

Net value for Taxation less rebate
= NET TAXABLE SUM

THIS IS THE CGT YOU WILL HAVE TO PAY

euro

Francs

For a French Resident:
Tax due is 26 % of Net Taxable Sum:

For other EEC resident:
Tax due is 16% of Net Taxable Sum

From rest of the World:
Tax due is 33% of Net Taxable Sum

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