No topic is as important for second home owners in the South of France as la Plus Value. This profit tax is levied on the profit you make from the sale of your holiday home in the South of France. The Plus Value profit tax is calculated by the profit you make on the sale, minus certain costs. If you were the owner for more than 30 years, you do not pay this profit tax. But those who sold their second home on the Cote d’Azur within thirty years had to deal with an annoying extra bill.
Sold your house in South France? Do not forget to request the Plus Value back!
The Plus Value profit tax in France consists of part income tax (because you have accumulated extra capital) and part social security contributions. The latter part in particular has turned out to be debatable because you already pay social security contributions in the country where you live for the rest of the year. More information about the calculation can be found here. This double taxation has been the subject of legal proceedings against the French State for years. Eventually, the European Court was called in and it ruled that the had to be amended.
Submit your application for partial Plus Value refund
The Plus Value profit tax has therefore been changed in your favor with effect from 1 January 2019. Did you sell your second home in the South of France in 2018? Then it is not too late. But the clock is ticking! You can reclaim no less than 15.2% of social security contributions from the French State.
Of course you have to fill in various awkward forms for this; French tax officials who have to pay back money to foreign homeowners would rather not make things easy for you.
French profit tax refund service solution 2018
Fortunately, we have a solution ready for you: in collaboration with a renowned legal office in the Netherlands, they can help you with a quick application for a refund of Plus Value to be submitted to the French tax authorities.
However, you have until December 31, 2020 to do this. The required forms are ready for you; Send an email today to email@example.com stating ‘Plus Value return 2018’. The office will contact you within 48 hours. You can also use our general contact form.