-
Can we get a loan to finish our property project in France?
Retired reader has already invested €700,000
-
12 million French homes now at risk of clay-related cracks
Extreme weather is increasing risk nationwide, campaign group warns
-
Pornic in Brittany prepares to set limits on second-home usage
Plans to require new homes in designated areas to be main residences, using powers under the 2024 Le Meur law
Do we pay French CGT tax on the sale of our UK house?
Rules depend on the tax treaty signed between two countries
Reader Question: We have been resident in France since 2006 but own a house in the UK. We are no longer taxpayers there. Are we liable to pay capital gains in France on the sale of the house?
In such cases, the rules depend on any tax treaty between France and the other country.
So in your case you need to refer to the UK-France double tax convention.
The treaty states that the country where the property is located has the first right to assess the gain.
Only gains in value since April 2015 are taken into account by the UK for non-residents.
France has the right to assess the gain under its own rules but should give a credit for any UK tax paid.
These rules are set out in the double tax convention, articles 14 and 24.
Related articles
How do I reduce French capital gains tax on a property sale?
What capital gains tax is due when selling inherited French property?
