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20/09/2013 PROFILE > Notaire

Property appreciation: what has changed since 1 September 2013

Until now exonerated from tax when owning a property, appreciation has since 1 September 2013, become taxable from 22 years of ownership. Only rental investments and secondary residences are concerned, with appreciation made for primary residences being exonerated. Land for construction is also exonerated from this reform. Exoneration concerning social deductions shall be total from 30 years of ownership.
The rebates for the term of ownership are amended:
•    appreciation: 6 % of the 6th as at the 21st year and 4 % for the 22nd year,
•    social deductions: 1.65 % of the 6th as at the 21st year, 1.60 % for the 22nd year and 9 % from the 23red as at the 30th year

Moreover, an exceptional rebate of 25% has been decided for all transfers between 1 September 2013 and 31 August 2014, in order to create a "reward" effect and stimulate the market.

Find out special cases for the exceptional rebate of 25% at paris.notaires.fr