Reader TTS

COUNTRY OF RESIDENCE IS IN MOST CASES THE MOST RELEVANT FACTOR TO CAPITAL GAINS READER QUESTION: WOULD IT BE ADVANTAGEOUS TO OBTAIN DUAL NATIONALITY (BRITISH AND AN EU COUNTRY) BEFORE

SELLING MY FRENCH SECOND HOME? There are several benefits to obtaining an EU nationality if you are moving to France or are a frequent visitor. For example, it would allow you to spend more

than 90 days at a time at a second home without a visa. You would also not be affected by the Etias or EES rules travel rules coming in next year. However, with regard to capital gains on

sale of the home, it is unlikely to make any particular difference to have French or an EU nationality as the tax treatment of non-residents with regard to second homes does not generally

depend on their nationality but rather where they live. For example, French people who live in the UK still have to pay a fiscal representative to manage their capital gains tax process when

selling property in France, due to the fact they live outside the EU – the same as British people, Americans or other EU or non-EU nationalities. Similarly, French people or Europeans who

live outside the EU/EEA/Switzerland or the UK and sell French property still pay higher social charges on their gains – the same as nationals of those countries. The countries where they

live are not considered to have comparable social security links in place with France, as is the case with EU countries. Fortunately, France considers the Brexit deals have retained similar

links. There are more generous tax breaks for EU-nationality (as opposed to non-EU) former residents of France selling their former main home but this would only apply to you if you had at

some stage used the property as your main residence. RELATED ARTICLES DOES FRENCH PENSION MEAN I PAY HIGHER SOCIAL LEVIES ON CGT? FRENCH INCOME TAX CHOICE WHEN DECLARING CAPITAL GAINS ON

SHARES SALE WHAT ARE RULES FOR DESIGNATING FRENCH SECOND HOME OUR MAIN RESIDENCE?