Starting next year, capital gains taxable estate-off-principal residence will be taxed at 19% instead of 16%. Moreover, they bear the social deductions of 19 % instead of 12.1%. These biopsies will address the capital gains after applying the reduction for duration of detention.
Starting next year, the taxation of capital gains will be burdened under the Finance Act 2011. This text substantially increased so the tax rate in both fiscal and social.
regime until December 31, 2010
Today, unless specific exemptions (or principal residence sale at a public housing agency, etc.), individuals bear a tax on real estate gains rate of 16% plus 12.1% Social Security contributions. Given a deduction of 10% per year in detention beyond the fifth year, the gain is not taxable if they give property held for at least 15 years. Moreover, the rate of 16% and social security levies apply to the amount of the gain of this reduced allowance for duration of detention. The
plan as of January 1, 2011
The Finance Act 2011 added three points rate taxation, which will carry 19%. As to social security contributions will increase from 12.1% to 12.3% (CSG, CRDS and other levies). Only relief: the base of these samples remains unchanged, ie it consists of capital gains computed after allowance for duration of detention. "The provision to calculate the payroll taxes on the amount of capital gain before applying the reduction for duration of detention should be reconsidered during the reform of the taxation of property contemplated in the spring "says one observer. Result: even selling an asset held for more than 15 years, then the individual would bear the charges of 12.3% on the gain.
| For sales signed before December 31, 2010 | For sales signed on or after 1 January 2011 st |
| are taxed at 16% + 12.1% social, evening a total of 28.1%. | are taxed at 19% + 12.3% social security contributions, a total of 31.3% |
| Abatement of 10% per year beyond the fifth year. Exoneration after 15 years in prison | Abatement of 10% per year beyond the fifth year. exemption after 15 years in prison |
| Accounting for capital gains after deduction in computing the tax shield | Accounting for capital gains after deduction in computing the tax shield |
"The new provisions will impact individuals for sales on or after 1 January 2011, directly or through real estate companies (SCI) not subject to income tax (CIT), which have no exemption , Pescara said Philippe, a tax lawyer at law firm Alerion. In practice, this will focus primarily on sales of second homes and rental properties ". Indeed, the sale of a principal residence or that of a property subject to expropriation, subject to reinvestment funds, remains exempt in terms of taxation and social security contributions.
0 comments:
Post a Comment