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Inheriting real estate can stir up mixed emotions. Between sentimental attachment, practical necessities, and financial considerations, selling an inherited property is no small matter. In many cases, selling becomes a financial necessity in order to cover inheritance taxes. But how should you go about putting inherited property on the market? What are the tax implications? Here’s a brief technical guide. How does a real estate inheritance work? Inheritance is a crucial and mandatory administrative...
The surface area is an essential factor when you want to sell or buy a property. For the seller, it is a legal obligation and a way to set the fairest price. For the buyer, it is the basis for calculating the profitability of the transaction. But should you have your apartment measured by a professional? Here’s our take on it. Measuring Your Property: The Legal Framework (Carrez Law) If you plan to sell your apartment, the French law n° 96-1107 of December 18, 1996, commonly known as the “Carrez...
Currently exempt from real estate capital gains tax, the sale of a primary residence could become taxable. A newly passed amendment aimed at combating speculation ties the exemption to a minimum holding period. Current Rules on Real Estate Capital Gains for Individuals A capital gain arises when the selling price of a property exceeds its purchase price. Such gains are subject to two types of taxation : - Income tax, at a rate of 19% ; - Social contributions, at a rate of 17.2%. This totals...
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