Net
real estate value
is obtained after application of a deduction for a separate period of detention for
tax
and social security contributions. Two taxes are to be levied: income tax and social contributions. The IR represents 19% of the net capital gain, and the social contributions 17.2%, which makes a total of 36.2% to be deducted. When the net capital gain exceeds € 50,000, a surtax is required, it amounts to 2%, up to 6% in excess of € 260,000.
It is also possible to benefit from exemptions depending on the nature of the property (principal residence) and the duration of detention. Thus, if you have been owner for more than 30 years, the capital gain is exempt on sale. Similarly, if the sale price is less than 15 000 €, you are exempt. Finally, if you are a non-tax resident and you sell property in France and have been taxed in France for 2 consecutive years at any time prior to the transfer, you can benefit from an exemption up to 150K € of net taxable capital gains.