Shuli Chi

Are you a non-resident planning on selling property in France?

The general tax code provides an exemption for capital gains made on the sale of a property in France by private individuals, either from an EU country, or another country in the European Economic Area with a mutual agreement with France to combat fraud.

This exemption is 150,000 € of net capital gains, if you respect these 2 cumulative conditions:

1. You have been a French tax resident for at least 2 years before the sale.
2. The sale must take place no later than 31^st December of the 5^th year after you changed tax domicile (to outside of France).

However, there is no time limit if the property has not been rented out since 1^st January of the year precedent to the year of sale.

For example, if you were a French tax resident but you changed your tax domicile in 2017, in this case you can benefit from this exemption until the end of December 2022.