Until now, owners of second homes saw their property exempt from capital gains after 15 years of ownership.From 1 February 2012, will double this time: it will take 30 years before selling a property hoping to make a capital gain tax free.
With this new measure, the gains will be subject to progressive reductions over the years.The first five years of ownership, no exemption: the gain will be taxed in its entirety. Then, between 6 and 16 years of ownership, the reduction will be 2% each year. Beginning in the seventeenth year of 4%. And beyond 24 years and up to 30 years: 8%.
Currently, from five years of ownership, the system reduces the taxable gain on resale of 10% per year.The calculation is done quickly: after 15 years, the exemption is total … It will be quite different for the deeds signed on 1 February 2012