CGT- Plus-Value Sale of French Home

[AndrewCrown]

I would be interested if any of you have been through the process of selling a French home as a UK resident and appointing a fiscal representative.

[paulwirral]

I’ve sold a couple of houses but pre brexit , the notaire does the tax calculation and takes what they think is owed from the funds and forwards it on , they are basically a tax collector .
The way I understand it if you disagree with the amounts you have to argue it out with the tax office afterwards.

[rdjohn]

I don't think it is significantly different from if you are tax-resident.

Its sale price - purchase price - allowable deductions (invoices work from French tradesmen) x 36.2%. 19% CGT + 17.2% social charges.

Producing invoices if you have owned the property for a long time is the hardest part. I built houses from new and so it took me a few days to compile the dossiers from raw data, but it was worth the big effort. I could also assign a few invoices to our home, which was exempt.

[AlBondigaz]

We sold ours after 20 years of ownership in 2021. Bought as a ruin, fully renovated and landscaped with pool added etc, so there was a big uplift in the selling price.

We used Charles Hamer UK & FR based accountants - http://www.charleshamer.co.uk - Emilie Mengin was superb at getting it all sorted.

They appointed the Ficsal rep and did all the CGT calculations. They then managed to recover some overpaid CGT for us when the post Brexit legislation changed again.

They were well worth the money we paid in fees.

[AndrewCrown]

Thank you chaps…
Yes I’ve found Charles Hamer, good to know you have had a positive experience.

I have all the devis and factures…tricky part is separating what is allowable and what isn’t.

Appointing the fiscal representative seems to be a 3000 euro fee to do the calculation.
But as outlined could save in the long run.