We've just heard about the recent changes in CGT tax rules in France which apply to the sale of second homes after 1/2/12. We are resident in France and have declared our french property as our primary residence since 2009. We were planning on selling our UK home next year, and had understood that we would not be liable to any CGT as we had owned it more than 15 years. However, under the new regulations, I understand that CGT is now payable on property owned up to 30 years. All of the information I have found on the web relates to selling houses in France and I am seeking advice on selling a UK property. eg how do the french authorities calculate the CGT on a foreign property. what allowances are eligible for extensions given that they were not done by french artisans.
Any advice gratefully received.