Posted on 31 July 2023

How to declare the sale of your second home or rental property?

πŸ πŸ’° Sale of a second home or rental: How to declare the capital gain? Speculative gain or disposal? We'll guide you! πŸ’ΌπŸ’‘
Speculation profit πŸ”„πŸ’²
If sale < 2 years after purchase, it's speculation. Calculation: sale price - purchase price = profit. Taxation at the "normal" rate.
Profit on sale πŸ’ΌπŸ 
If sale > 2 years after purchase, capital gain. Calculation: sale price - revalued purchase price = profit. Taxation at half the overall rate, max 21%.
Advantageous tax relief πŸ’°πŸ’‘πŸ 
Take advantage of tax allowances of up to €100,000 for spouses/partners and €75,000 in the event of inheritance.
Example: Yannick sells his second home. Purchased in 2016 at €500,000, sold in 2021 at €800,000 (revalued at €600,000).
Holding period: 5 years (<2 years). Capital gain: €200,000. Allowance: €100,000. Tax: €15,000.
Declare your capital gains easily with! πŸ–₯οΈπŸ’Ό
#TaxDeclaration #CapitalGains #SaleProfit #Deductions #TaxOptimisation πŸ’°πŸ’πŸ–₯️


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