French Property Forum
An open forum for sellers, buyers, agents and developers on all issues related to real estate in France. Here you can ask questions and discuss all aspects of buying, selling or renting French property.
What if I am already liable for CGT in my country
3 posts • Page 1 of 1
What if I am already liable for CGT in my country
by J Emerson on Sat 22 Nov 2008 22:27
I am liable for CGT in the U.K. Do I have to pay twice when selling a French property?
- J Emerson
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- Joined: Sat 22 Nov 2008 20:58
Re: What if I am already liable for CGT in my country
by Slater on Sat 22 Nov 2008 22:29
The tax treaty between the two countries ensures that you will only have to pay one country, whichever is the highest.
- Slater
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- Joined: Sat 22 Nov 2008 20:58
Re: What if I am already liable for CGT in my country
by Tomasi on Sat 22 Nov 2008 22:46
The UK-France double tax treaty prohibits any form of tax discrimination against nationals of the other country. However, a UK national has to pay 3% more capital gains tax than a French national. And property of higher value sold with a lower gain will cost a UK national more than a Frenchman because the French agent’s fee will always be worked out according to the sales price rather than the gain.
- Tomasi
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- Joined: Wed 19 Nov 2008 00:12
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