Selling your primary/secondary home - Tax

tax

(Andy Young) #1

Hi,

So we have 2 properties here in France and understand that if you sell your secondary property ie the one you don’t live in then there is some hefty capital gains tax to pay on anything you may have made on the property above it’s purchase price.

Question:

  1. If you sell your primary residence (The one you live in) and then move in to the second home would you be liable for the tax.

  2. If you then sold that second property after having lived in it (primary residence) for a year or two would you be liable for the capital gains tax??

Any info on these taxes much appreciated


(Anna Watson) #2
  1. No
  2. No

You don’t pay capital gains tax on the sale of your principal residence, and in both cases you would be selling your principal residence.