La deuxième Loi de Finances Rectificative 2011 (Loi du 19 septembre 2011) a modifié l'impôt sur les plus-values immobilières en introduisant un nouveau régime d'abattement.
Antérieurement il y avait un abattement après 5 ans de détention d'un bien immobilier à un taux de 10% de la plus-value nette, conduisant à une exonération totale après 15 ans de détention.
A partir du 1er février 2012, les taux et périodes de détention seront comme suit:
-Aucun abattement pendant les 5 premières années (pas de changement)
-Abattement de 2% entre la 6ème et 17ème année de détention
-Abattement de 4% entre la 17ème et 24ème année de détention
-Abattement de 8% au-delà de la 24ème année de détention
Après 15 ans, les plus-values de cession sont exonérées à hauteur de 20%
Après 20 ans, les plus-values de cession sont exonérées à hauteur de 36%
Après 25 ans, les plus-values de cession sont exonérées à hauteur de 60%
Après 30 ans, les plus values de cession sont exonérées à hauteur de 100%
Il sera désormais nécessaire de détenir un bien pendant plus de 30 ans pour être exonéré de l'impôt sur la plus-value immobilière.
Ceci s'applique aux résidences secondaires. La vente de la résidence principale demeure exonérée comme auparavant.
Pour les résidents français, il y a eu également une augmentation des contributions sociales ce qui résultera dans un taux global d'imposition de 32,5% (actuellement 31,3%). Le taux même de l'impôt demeure inchangé à 19%.
jeudi 22 septembre 2011
CAPITAL GAINS TAX REFORM: MODIFICATION OF TAPERED RELIEF RULES
The second Rectifying Finance Law for 2011 (Law of 19th September 2011) has reformed capital gains tax by modifying the rules applying to tapered relief.
Previously tapered relief applied after 5 years of property ownership at a rate of 10% of the net capital gain per annum leading to total exoneration after 15 years of ownership.
From 1st February 2012, the rates and time periods will be as follows:
-No relief for the first 5 years of ownership (unchanged)
-2% relief from the 6th to 17th year of ownership
-4% relief from the 17th to 24th year of ownership
-8% relief after the 24th year of ownership
After 15 years of ownership, the capital gain is exonerated for 20% of the amount
After 20 years of ownership, the capital gain is exonerated for 36% of the amount
After 25 years of ownership, the capital gain is exonerated for 60% of the amount
After 30 years of ownership, the capital gain is exonerated for 100% of the amount
30 years ownership is now necessary to be totally exonerated from capital gains tax
The above applies to secondary residences. The sale of the principal residence remains exonerated as under the previous rules.
For French residents, there has also been an increase in social security contributions which will lead to a total rate of taxation of 32.5% (currently 31.3%). The actual rate of CGT remains unchanged at 19%.
Previously tapered relief applied after 5 years of property ownership at a rate of 10% of the net capital gain per annum leading to total exoneration after 15 years of ownership.
From 1st February 2012, the rates and time periods will be as follows:
-No relief for the first 5 years of ownership (unchanged)
-2% relief from the 6th to 17th year of ownership
-4% relief from the 17th to 24th year of ownership
-8% relief after the 24th year of ownership
After 15 years of ownership, the capital gain is exonerated for 20% of the amount
After 20 years of ownership, the capital gain is exonerated for 36% of the amount
After 25 years of ownership, the capital gain is exonerated for 60% of the amount
After 30 years of ownership, the capital gain is exonerated for 100% of the amount
30 years ownership is now necessary to be totally exonerated from capital gains tax
The above applies to secondary residences. The sale of the principal residence remains exonerated as under the previous rules.
For French residents, there has also been an increase in social security contributions which will lead to a total rate of taxation of 32.5% (currently 31.3%). The actual rate of CGT remains unchanged at 19%.
REFORME ISF (IMPOT DE SOLIDARITE SUR LA FORTUNE)
La loi de Finances Rectificative 2011 (Loi du 29 juillet 2011) a réformé l'ISF (L'Impôt de Solidarité sur la Fortune). Les modifications sont comme suit:
A partir de 2012, il n'y aura plus que deux taux:
-Pour un patrimoine net taxable compris entre 1.300.000 Euros et 3.000.000 Euros le taux de 0,25% sera appliqué sur la totalité
-Pour un patrimoine net taxable supérieur de 3.000.000 Euros le taux de 0,5% sera appliqué sur la totalité
Par conséquent, les contribuables dont le patrimoine est compris entre 800.000 Euros et 1.300.000 Euros ne seront plus assujettis à l'ISF.
A partir de 2012, il n'y aura plus que deux taux:
-Pour un patrimoine net taxable compris entre 1.300.000 Euros et 3.000.000 Euros le taux de 0,25% sera appliqué sur la totalité
-Pour un patrimoine net taxable supérieur de 3.000.000 Euros le taux de 0,5% sera appliqué sur la totalité
Par conséquent, les contribuables dont le patrimoine est compris entre 800.000 Euros et 1.300.000 Euros ne seront plus assujettis à l'ISF.
WEALTH TAX REFORM
The Rectifying Finance Law for 2011, Law of 29th July 2011, has reformed wealth tax. The changes are as follows:
From 2012, there will only be two rates:
-For assets of which the net value is between 1,300,000 Euros (One million three hundred thousand Euros) and 3,000,000 (Three million Euros) a rate of 0.25% is applied to the totality
-For assets of which the net value is above 3,000,000 Euros (Three million Euros), a rate of 0.5% is applied to the totality
As a result, those tax payers whose assets are valued between 800,000 Euros (Eight hundred thousand Euros) and 1,300,000 Euros (One million three hundred thousand Euros) no longer pay wealth tax.
From 2012, there will only be two rates:
-For assets of which the net value is between 1,300,000 Euros (One million three hundred thousand Euros) and 3,000,000 (Three million Euros) a rate of 0.25% is applied to the totality
-For assets of which the net value is above 3,000,000 Euros (Three million Euros), a rate of 0.5% is applied to the totality
As a result, those tax payers whose assets are valued between 800,000 Euros (Eight hundred thousand Euros) and 1,300,000 Euros (One million three hundred thousand Euros) no longer pay wealth tax.
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