As part of the consideration of the draft supplementary budget for 2011, MEPs rejected the government’s plan to abolish the allowance for holding period applies to the calculation of capital gains real estate (excluding primary residence) and adopts Mr Carrez amendment . The present system allows an exoneration after 15 years by 10% reduction per year of ownership beyond the fifth year. The deputies were eventually held and change the system: 2% per year between 5 and 17 years in detention, 4% each year until the 24th year of detention and 8% between 25 and 30. However, the removal of the fixed allowance of 1000 euros is confirmed. Finally, the entry into force was postponed to 1 February 2012 instead of August 24, 2011.
Leave a Reply
You must be logged in to post a comment.