The capital gain property

When a property is sold more than it has been purchased, the IRS charges a flat fee of 27% on the "profit" registered by the seller. The calculation of this "profit" is realized from the sale price of the property stated on the bill of sale and purchase price.

The sale price may be reduced if fees incurred by the owner in order to reduce the base figure of calculating the capital gain.

These expenses may include commissions paid to middlemen or agents, the costs of certification and diagnostics required before each sale, the cost of architect ... Conversely, the purchase price may be increased upon presentation of evidence by the amount of expenditures for construction, reconstruction, extension or improvement of housing for sale as well as the costs of roads, and distribution networks.

Subtracting the sale price and acquisition highlights the gross capital gain that has two reductions: -10% for each year of detention beyond the fifth year and a fixed allowance of € 1 000 applicable operation by operation .

The net capital gain is taxed when released since 1 January 2005 to 28.10% payroll taxes included, for French residents. This tax is levied directly by the notary on the price back to the seller on the day of sale.