top cx logo
cx logo
Explorearrow down
search icon

Capital gains changes confirmed

Budget minister confirms shorter exoneration period and temporary lowering of CGT will apply from September 1

THE exoneration period for property capital gains tax (CGT) will go down from 30 years to 22 years from September 1, the budget minster has confirmed.

Confirming a statement President Hollande made last month on M6 television, Bernard Cazeneuve told the Senate yesterday that the change would happen by the stated date.

He also repeated the president’s promise that there will be, from the same date, a special temporary reduction, which he said would be 25% and would apply to sales from September 1, 2013 to August 31, 2014.

In addition he promised a new way of progressively lightening the social contributions that are also levied on capital gains.

The minister said these changes would go into the 2014 Finance Law, which will be voted on before the end of the year.

Some details of the plans remain to be clarified, notably how the changes can apply to sales from September 1 if they have not been voted into law yet.

Previous story: Capital gains tax boost for owners

Photo:© Frog 974 -

Resident or second-home owner in France?
Benefit from our daily digest of headlines and how-to's to help you make the most of life in France
By joining the newsletter, you agree to our Terms & Conditions and Privacy Policy
See more popular articles
The Connexion Help Guides
featured helpguide
Income Tax in France 2023 (for 2022 income)*
Featured Help Guide
- Primarily aimed at Britons, covers pensions, rent, ISAs, shares, savings and interest - but also contains significant general information pertinent to readers of other nationalities - Overview of online declarations + step-by-step guide to the French printed forms - Includes updates given automatically after this year's site opened
Get news, views and information from France