capital gain tax, CRDS,CSG, sale of a French property, tax to pay in france, capital gain

BREXIT and CAPITAL GAIN TAX

The French tax authorities have confirmed that from the 1st January 2021, the UK will be considered as a third state in the EU.

The French tax authorities have confirmed that from the 1st January 2021, the UK will be considered as a third state in the EU.

As a result, UK residents will no longer benefit from the treatment applicable to EU residents on two important aspects:
- they will have to appoint an accredited tax representative in France when they sell their French property (except for specific cases exemption);
- they will no longer benefit from the exemption of social levies (CSG and CRDS) and, therefore, the tax rate of 17.2% will apply to capital gains tax on the sale of a property completed from the 1st January 2021, making a total tax rate of 36.20%.

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