A reform of calculating the capital gain property has just been decided in a brutal way. It does not apply to primary residences (one possible) but unoccupied units, rental property, building land and the share of SCI. Previously, the gain was calculated by performing a reduction of 10% per year after the sixth year of ownership. ie after 15 years, there was total exemption from capital gains tax.
Owners of rental investment will consider that the rules are changed during the game. Those who had calculated a possession for 15 years before undertaking a major project will be unable to achieve. Only an increase in selling prices, including the new capital gains to pay can solve the problem. It is therefore to fear an increase in property prices, which was not the intention. We can expect amenities like many fiscal measures taken recently at the cost of a serious political disrepute.
it is expected as deviant practices on the payment of the purchase price, which will skew the statistics on sales prices in real estate. In a time when clarity is demanded by the economic actors, we may have run out of financial discipline. once again, to solve an urgent problem, we apply immediate action without measuring the consequences. The rental market is the main French private park. small investors who had offered their properties on the market will pay the price. Public finances will have to compensate for a lack of rental housing and the result is a worse note to be paid by taxpayers.
Monday, 7 November 2011
Reform of calculating the capital gain tax.
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This article is very helpful and informative. Thank you for sharing!
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