The
calculation of the real estate value
gain is made by the difference between the sale price and the purchase price, to which a deduction for the holding period is applied. However, the existence of various charges brings appreciable modifications.
The sale price adds up the sale price and the expenses incumbent on the purchaser in accordance with the notarial deed. Then, the transfer costs and taxes borne by the vendor, which must be duly justified, are removed. The purchase price is the purchase price of the property, plus the charges and indemnities you paid at the time of the acquisition, as well as the cost of the work undertaken. If you are not able to present the invoices justifying these expenses, their amounts are 7.5% and 15% respectively of the purchase price, provided they have been the owner for more than five years.
The net capital gain is equal to the difference between the gross capital gain previously mentioned and the deduction for detention period which differs for tax and social contributions. Taxation represents 36.2% of the total, of which 19% is income tax and 17.2% is levied for social contributions.
It is possible to benefit from exemptions in certain cases, in particular if the holding period of the property exceeds 30 years. If this is your main residence at the time of sale, or if the sale price is less than € 15,000, the capital gain is also exempt.
On the other hand, if the taxable capital gain exceeds € 50,000 at the end of the calculation, a surcharge ranging from 2% to 6% applies.