12 days after the reform on the real estate capital gains realized on sales of property, the National Assembly adopted new measures aimed at easing the taxation of capital gainsInitiated by the UMP group, the change in the tax had panicked the market by increasing the tax burden that vendors had to pay
Who is affected by this relaxation?
The measure adopted on October 20 is for sellers who are selling a property (second home, building land ...) and that does not have a principal residence
So this measure will affect the owners of second homes or having made an investment property but rent a home as primary residence
Conditions, however, have been introduced to limit the effect of the announcement of this relaxation of the lawThus, the selling owner must not have owned a principal residence within 4 years before the saleIn addition, it will reinvest the money obtained from selling the purchase of a principal residence within 2 years
Members who have brought this amendment justified their initiative by the fact that in previous first hardening, a similar measure was taken to the last easing in 2004
Second, this measure is to encourage property investment for those who do not yet have a primary residenceSimilarly, it is not to penalize property owners who are on the move permanent for business and have acquired a secondary
A measure restrictive effects
Limited to individuals who sell for the first time a property within a period prescribed by law, the measure applies with full exemption from the tax households that do not yet have their principal residence
The real estate professionals, even if they feel the positive development, understand the purpose of this relaxationThe new provisions have been made and will keep the make-up tax bill to allowIndeed, the amended measures counteract the location of the principal residence by the owner or even the proposed sale of real estate retirees who enter nursing homes
The effect of the reform on the capital gain has the effect of causing pending the expiration of 30 years to sell a propertyThis expectation therefore eventually cause some speculation that can eventually lead to a shortage of housing supply
This new amendment to the law governing the sale will therefore result in a sale of assets of more than 5 years and reinvestment of amounts acquired within the required
With a relatively high cost, more than 150 million euros, the changes will be confirmed at the end of the shuttle made by the bill between the National Assembly and Senate Budget 2012The application of the tax on the gain will only be effective February 1, 2012 |
