Taxation of the heritage: France an exception by its lack of generosity?
The Wealth tax (ISF) does not exist already any more in Germany for 14 years and since 2008 in Spain. Still present in Norway and in Grèse, this tax concerns only the real estate property and not the income. For the real estate taxation, France applies the same rules as the other countries of Europe with the tax exemption to the capital gain realized on the sale of the main home. For the taxation on the capital gains of second homes, in France, the imposition is reduced from 5 years of detention of the good and is abolished at the end of 15 years, but it will be necessary to settle all the same social charges, that is 12,3 % of the amount of the capital gain. In Germany, the capital gains are exempted at the end of 10 years, against 5 years in Italy and Belgium. |
